[CBSE] Q 14 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 14 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2022-23?

From the following information, prepare Balance Sheet of a trader as at 31st March, 2022 arranging the assets and liabilities – (i) in order of permanence and (ii) in order of liquidity:

Goodwill
Capital
Liabilities for Expenses
Cash in Hand
Investment
Bills Payable
Net Profit
Sundry Debtors
Land and Building
20,000
1,80,000
1,200
1,000
20,000
10,700
92,600
50,000
60,000
Bank
Sundry Creditors
Bills Receivable
Plant and Machinery
Provision for Doubtful Debts
Closing Stock
Furniture
Drawing
20,000
63,000
13,000
40,000
2,500
80,000
16,000
30,000

[Balance Sheet Total – ₹ 3,17,500.]

Solution:-

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