[CBSE] Q 19 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2023-24)
Solution of Question number 19 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2023-24?
From the following balances, prepare Trading and Profit & Loss Account for the year ending 31st March, 2023 and the Balance Sheet as on that date:
| ₹ | ₹ | ||
| Debit Balances: Machinery Building Debtors Drawings Purchases Wages Bad Debts Bank Opening Stock | 4,00,000 1,50,000 2,70,000 90,000 9,50,000 5,00,000 10,000 1,50,000 2,00,000 | Debit Balances (Contd.): Rent Sundry Expenses Carriage Credit Balances: Capital Creditors Sales Commission | 45,000 20,000 15,000 12,00,000 1,40,000 14,50,000 10,000 |
Closing Stock was of ₹ 70,000 but its not realisable value (market value) is ₹ 60,000.
[Gross Loss – ₹ 1,55,000; Net Loss – ₹ 2,20,000; Balance Sheet Total – ₹ 10,30,000.]
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 |
