[CBSE] Q 29, Q 30 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2025-26)
Solution of Question number 29 and 30 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2025-26
Q. 29. Prepare Trial Balance, Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet of the Gurman Trading Company as at that date, from the following extract of Ledger balances:
| ₹ | ₹ | ||
| Proprietor’s Capital A/c Wages Sundry Debtors Bank Loan Purchases Commission Received Rent Travelling Expenses Cash Repairs Furniture Input CGST Input SGST | 1,19,400 40,970 71,500 20,000 2,56,590 5,640 5,620 1,880 530 3,370 8,970 5,100 5,100 | Proprietor’s Drawings A/c Plant and Machinery Salaries Sundry Creditors Returns Inward Sales Discount Allowed Stock on 1st April, 2022 Insurance Bank (Debit Balance) Bad Debts Output CGST Output SGST | 10,550 28,800 11,000 60,830 2,780 3,56,430 5,870 89,680 400 18,970 3,620 4,500 4,500 |
Stock in Hand on 31st March, 2023 was valued at ₹ 1,28,960.
[Trial Balance Total – ₹ 5,71,300; Gross Profit – ₹ 95,370; Net Profit – ₹ 69,250; Balance Sheet Total – ₹ 2,58,930.]
Solution:-
Q. 30. From the following Trial Balance, prepare Trading and Profit & Loss Account for the year ended 31st March, 2025 and Balance Sheet as at that date:
| Heads of Accounts | L.F. | Dr. (₹) | Cr. (₹) |
| Capital Plant and Machinery Land and Building Sales Furniture and Fixtures Trade Expenses Cash at Bank Wages and Salaries Repairs Purchases Opening Stock Sundry Debtors Sundry Creditors Purchases Return Rent Discount Drawings Bad Debts Input CGST A/c Input SGST A/C Input IGST A/C Output CGST A/C Output SGST A/C Output IGST A/C | – 1,00,000 1,20,000 – 50,000 30,000 2,50,000 60,000 10,000 6,00,000 2,00,000 1,40,000 – – – 8,000 10,000 4,000 10,000 10,000 5,000 – – – | 5,00,000 – – 9,00,000 – – – – – – – – 1,50,000 10,000 22,000 – – – – – – 5,000 5,000 15,000 |
The Stock on 31st March, 2023 was valued at ₹ 1,40,000.
[Gross Profit – ₹ 1,90,000; Net Profit – ₹ 1,60,000; Balance Sheet Total – ₹ 8,00,000.]
Solution:-
Here is the list of all Solutions.
| S.N | Solutions |
| 1 | Question – 1, 2 |
| 2 | Question – 3, 4 |
| 3 | Question – 5, 6 |
| 4 | Question – 7, 8 |
| 5 | Question – 9, 10 |
| 6 | Question – 11, 12 |
| 7 | Question – 13, 14 |
| 8 | Question – 15, 16 |
| 9 | Question – 17, 18 |
| 10 | Question – 19, 20 |
| S.N | Solutions |
| 11 | Question – 21, 22 |
| 12 | Question – 23, 24 |
| 13 | Question – 25, 26 |
| 14 | Question – 27, 28 |
| 15 | Question – 29, 30 |
