[CBSE] Q 22 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2023-24)
Solution of Question number 22 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2023-24?
Trial Balance of Chatter Sen on 31st March, 2023 revealed the following balances:
| ₹ | ₹ | ||
| Debit Balances: Machinery Purchases Sales Return Opening Stock Discount Allowed Bank Charges Sundry Debtors Salaries Wages Freight In Freight Out | 10,00,000 5,80,000 10,000 4,00,000 3,500 750 4,50,000 68,000 1,00,000 7,500 12,000 | Debit Balances (Contd.): Rent Insurance Advertisement Cash at Bank Credit Balances: Capital A/c Sales Purchases Return Discount Received Loan Sundry Creditors | 20,000 10,000 10,000 69,000 12,00,000 12,70,000 12,750 8,000 50,000 2,00,000 |
Stock on 31st March, 2023 was ₹ 3,50,000 at cost and its net realisable value (market value) was ₹ 4,00,000.
Prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date:
[Gross Profit – ₹ 5,35,250; Net Profit – ₹ 4,19,000; Balance Sheet Total – ₹ 18,69,000.]
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 |
