[CBSE] Q 8 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2023-24)
Solution of Question number 8 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2023-24?
Following balances are in the Trial Balance of a firm as on 31st March, 2023:
| Opening Stock: | Raw Materials Finished Goods | 80,000 1,40,000 |
| Purchases Sales | 3,60,000 7,00,000 | |
| Returns: | Purchases Sales | 10,000 6,000 |
| Wages | 1,30,000 | |
| Factory Expenses Freight | Inwards Outwards | 90,000 20,000 |
At the end of the accounting period, stock was:
| Raw Materials | 70,000 |
| Work-in-Progress | 20,000 |
| Finished Goods | 1,10,000 |
Prepare Trading Account of the firm.
[Gross Profit – ₹ 84,000.]
[Hint: Freight outwards being an indirect expense is shown in Profit & Loss Account.]
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 |
