[CBSE] Q 21, Q 22 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2025-26)

Solution of Question number 21 and 22 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2025-26?

Q. 21. 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, 2025:

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:-

Q. 22. Prepare Trading and Profit & Loss Account and Balance Sheet of Jagat as at 31st March, 2025 from the following balances:

	₹		₹
Capital (Cr.) Machinery Sales Purchases Sales Return Stock on 1st April, 2022 Drawings Wages Carriage Inwards	3,60,000 70,000 9,20,000 5,00,000 10,000 1,00,000 40,000 1,00,000 5,000	Salaries General Expenses Rent Purchases Return DebtorsC Cash Carriage Outwards Advertising Creditors	60,000 20,000 50,000 5,000 3,00,000 40,000 20,000 20,000 50,000

Closing Stock was valued at ₹ 2,00,000.

[Gross Profit – ₹ 4,10,000; Net Profit – ₹ 2,40,000; Balance Sheet Total – ₹ 6,10,000.]

Solution:-

Here is the list of all Solutions.

S.N	Solutions
1	Question – 1, 2
2	Question – 3, 4
3	Question – 5, 6
4	Question – 7, 8
5	Question – 9, 10
6	Question – 11, 12
7	Question – 13, 14
8	Question – 15, 16
9	Question – 17, 18
10	Question – 19, 20

S.N	Solutions
11	Question – 21, 22
12	Question – 23, 24
13	Question – 25, 26
14	Question – 27, 28
15	Question – 29, 30