[CBSE] Q 4 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2023-24)

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Solution of Question number 4 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2023-24?

Calculate Closing Stock from the following details:

Opening Stock₹ 20,000
Cash Sales₹ 60,000
Purchases₹ 70,000
Credit Sales₹ 40,000
Rate of Gross Profit on Cost 33 and 1/3%

[Closing Stock – ₹ 15,000.]

Solution:-

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