[CBSE] Q 15 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 15 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2022-23?

From the Balance Sheet given below, calculate:

(i) Fixed Assets

(ii) Current Assets

(iii) Current Liabilities

(iv) working Capital

Balance Sheet as at 31st March, 2022

LiabilitiesAssets
Trade Creditors
Expenses Accrued
Bank Overdraft
Long-Term Loan
Interset on Loan
Capital
42,000
3,200
4,800
20,000
1,000
93,400
Stock In Hand
Debtors
Prepaid Expenses
Goodwill
Land
Plant
Furniture
48,000
36,000
400
20,000
20,000
32,000
8,000
1,64,4001,64,400

[(i) Fixed Assets – ₹ 80,000; (ii) Current Assets – ₹ 84,400; (iii) Current Liabilities – ₹ 51,000; (iv) Working Capital – ₹ 33,400.]

Solution:-

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