[CBSE] Q 11, Q 12 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2025-26)

Solution of Question number 11 and 12 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2025-26?

Q. 11. Calculate Opening Stock from the following information:

	₹
Cash Purchases	2,00,000
Credit Purchases	8,00,000
Cash Sales	3,50,000
Credit Sales	12,50,000
Wages	25,000
Sales Return	1,00,000
Indirect Expenses	85,000
Closing Stock	1,00,000
Rate of Gross Profit on Cost 50%

[Ans.: Opening Stock – ₹ 75,000.]

Solution:-

Working Notes:-

Q. 12. (a) Net Sales for the year ended 31st March, 2025 is ₹ 4,50,000. If Gross Profit is 30% on Sales, find Cost of Goods Sold.

(b) Net Sales for the year ended 31st March, 2025 is ₹ 4,50,000. If Gross Profit is 25% of Cost, find Gross Profit and Cost of Goods Sold.

[Ans.: (a) Cost of Goods Sold – ₹ 3,15,000; (b) Gross Profit – ₹ 90,000, Cost of Goods Sold – ₹ 3,60,000.]

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