[DK Goel] Q. 2 Financial Statements (without Adjustments) Solutions Class 11 CBSE (2025-26)
Solutions of Question number 2 of Chapter 20 Financial Statements (without Adjustments) DK Goel class 11 CBSE (2025-26)
Q. 2 (a) From the following information, prepare the Trading Account for the year ended 31st March, 2025:
Adjusted Purchases ₹ 22,00,000; Sales ₹ 35,00,000; Returns Inwards ₹ 1,50,000; Freight and Packing ₹ 45,000; Packing Expenses on Sales ₹ 60,000; Depreciation ₹ 42,000; Factory Expenses ₹ 1,90,000; Closing Stock ₹ 3,70,000.
[Ans. Gross Profit ₹ 9,15,000]
Solution:-
Hints:-
- Adjusted Purchases = Net Purchases + Opening Stock – Closing Stock
- Closing Stock will not be shown on the credit side of Trading A/c since it has already been adjusted while calculating adjusted purchases
- ‘Packing Expenses on Sales’ and ‘Depreciation’ are indirect expenses and hence not debited to the Trading A/c.
Q. 2 (b) Calculate Gross Profit from the following information:
| Closing Stock | 70,000 |
| Wages | 40,000 |
| Salary | 30,000 |
| Sales | 6,88,000 |
| Adjusted Purchase | 5,50,000 |
[Ans. Gross Profit ₹ 98,000]
Solution:-
