[CBSE] Q 10 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 10 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2022-23?

From the following figures, calculate Operating Profit:

Net Profit1,00,000
Gain on Sale of Machine15,000
Donation2,000
Rent Received10,000
Interest on Loans20,000

[Operating Profit – ₹ 97,000.]

[Hint: Operating profit = Net Profit – Rent Received – Gain on Sale of Machine + Interest on Loan + Donation (Being Non-Opearting Expnese).]

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