[CBSE] Q 3 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 3 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2022-23?

Prepare Trading Account from the transactions given below:

Opening Stock
Purchases
Sales Return
Sales
23,000
29,000
500
25,400
Purchases Return
Closing Stock
Carriage Inwards
Depreciation
2,400
47,700
100
2,000

Also pass the Journal entries

[Gross Profit – ₹ 22,900.]

[Hint: Depreciation is not accounted in the Trading Account.]

Solution:-

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