[CBSE] Q 21 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2023-24)
Solution of Question number 21 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2023-24?
From the following balances as on 31st March, 2023, prepare Trading and Profit & Loss Account and Balance Sheet:
| ₹ | ₹ | ||
| Capital Account Plant and Machinery Sundry Debtors Sundry Creditors Life Insurance Premium Purchases Wages Bank Stock (1st April, 2022) | 1,00,000 40,000 24,000 19,000 12,000 1,05,000 50,000 10,000 20,000 | Returns Outward Rent Sales Manufacturing Expenses General Expenses Bad Debts Carriage Returns Inward | 5,000 4,000 1,64,000 8,000 7,500 2,000 1,500 4,000 |
Closing Stock on 31st March, 2023 was valued at ₹ 14,500.
[Gross Loss – ₹ 5,000; Net Loss – ₹ 18,500; Balance Sheet Total – ₹ 88,500.]
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 |
