[CBSE] Q 15 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2023-24)

Solution of Question number 15 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2023-24?

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, 2023

Liabilities	₹	Assets	₹
Trade Creditors Expenses Accrued Bank Overdraft Long-Term Loan Interest 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
	1,64,400		1,64,400

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

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