[CBSE] Q 23, Q 24 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2025-26)

Solution of Question number 23 and 24 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2025-26?

Q. 23. Following are the balances as on 31st March, 2023 extracted from the books of Dass:

	₹		₹
Sales Purchases Returns Inward Returns Outward Stock on 1st April, 2022 Carriage Inwards Rent Discount Printing Insurance Travelling Expenses	9,20,000 6,83,000 13,000 22,000 1,76,000 24,000 22,000 37,500 7,200 5,000 14,000	Postage and Courier Miscellaneous Expenses Bad Debts Debtors Creditors Loan from Sahil Capital Drawings Business Premises Furniture	6,200 9,000 4,000 2,20,000 1,28,000 50,000 5,25,000 19,100 3,90,000 15,000

The Stock on 31st March, 2023 was valued at ₹ 2,40,000.

Prepare Trading Account, Profit & Loss Account and Balance Sheet as at 31st March, 2023.

[Gross Profit – ₹ 2,86,000; Net Profit – ₹ 1,81,100; Balance Sheet Total – ₹ 8,65,000.]

Solution:-

Q. 24. From the following balances of Anand, prepare Trading Account, Profit & Loss Account and Balance Sheet as at 31st March, 2025:

	₹		₹
Credit Balances: Capital Creditors Sales Bad Debts Recovered Loan Debit Balances: Debtors Salaries Discount Fixtures and Fittings	4,60,000 1,12,470 7,81,820 1,750 1,20,000 38,850 40,000 10,000 1,61,550	Debit Balances (Contd): Postage Bad Debts Interest Insurance Machinery Stock (Opening) Purchases Wages Building Selling Expenses	2,730 2,870 12,950 4,170 1,00,000 99,450 6,20,920 43,000 3,37,800 1,750

Value of goods on hand (31st March, 2023) was ₹ 1,43,000.

[Gross Profit – ₹ 1,61,450; Net Profit – ₹ 88,730; Balance Sheet Total – ₹ 7,81,200.]

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