[CBSE] Q 6 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 6 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2022-23?

From the following information, prepare Trading Account for the year ended 31st March, 2022:

Stock on 1st April, 2021
Purchases
Sales
Carriage Inwards
40,000
4,00,000
3,80,000
20,000
Returns Outward
Wages and Salaries
Returns Inward
Stock on 31st March, 2022
80,000
50,000
20,000
1,30,000

Net Realisable Value (Market Value) of Stock as on 31st March, 2022 was ₹ 1,20,000.

[Gross Profit – ₹ 50,000.]

Solution:-

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