[CBSE] Q 5 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2023-24)

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Solution of Question number 5 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2023-24?

Ascertain Gross Profit from the following information:

Opening Stock3,00,000
Closing Stock2,80,000
Purchases8,50,000
Carriage on Purchases23,000
Carriage on Sales30,000
Office Rent58,000
Sales14,07,000

[Gross Profit – ₹ 5,14,000.]

Solution:-

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