[CBSE] Q 11 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2023-24)
Solution of Question number 11 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2023-24?
From the following, prepare Profit & Loss Account of Gurman for the year ended 31st March, 2023:
| ₹ | ₹ | ||
| Salaries and Wages Commission Paid Postage and Courier Insurance Interest Paid Carriage Outwards | 30,000 2,000 1,500 3,000 4,000 5,000 | Advertising Discount Allowed Rent Received Interest on Investment Bad Debts Travelling Expenses | 10,000 18,000 17,000 15,000 9,000 950 |
The Gross Profit was 45% of Sales. Which amounted to ₹ 6,50,000.
[Net Profit – ₹ 2,41,050.]
Also Pass the Journal entries.
Solution:-
Here is the list of all Solutions.
| S.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Solutions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Questions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
