[CBSE] Q 24 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2023-24)
Solution of Question number 24 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2023-24?
Prepare Trial Balance, Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet of the Gurman Trading Company as at that date, from the following extract of Ledger balances:
| ₹ | ₹ | ||
| Proprietor’s Capital A/c Wages Sundry Debtors Bank Loan Purchases Commission Received Rent Travelling Expenses Cash Repairs Furniture Input CGST Input SGST | 1,19,400 40,970 71,500 20,000 2,56,590 5,640 5,620 1,880 530 3,370 8,970 5,100 5,100 | Proprietor’s Drawings A/c Plant and Machinery Salaries Sundry Creditors Returns Inward Sales Discount Allowed Stock on 1st April, 2022 Insurance Bank (Debit Balance) Bad Debts Output CGST Output SGST | 10,550 28,800 11,000 60,830 2,780 3,56,430 5,870 89,680 400 18,970 3,620 4,500 4,500 |
Stock in Hand on 31st March, 2023 was valued at ₹ 1,28,960.
[Trial Balance Total – ₹ 5,71,300; Gross Profit – ₹ 95,370; Net Profit – ₹ 69,250; Balance Sheet Total – ₹ 2,58,930.]
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 |
