{"id":135599,"date":"2023-05-22T14:01:00","date_gmt":"2023-05-22T08:31:00","guid":{"rendered":"https:\/\/www.kopykitab.com\/blog\/?p=135599"},"modified":"2025-07-12T16:18:59","modified_gmt":"2025-07-12T10:48:59","slug":"ts-grewal-class-11-accountancy-solutions-chapter-15","status":"publish","type":"post","link":"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/","title":{"rendered":"TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship 2026"},"content":{"rendered":"\n<p><img class=\"alignnone size-full wp-image-142077\" src=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/10\/TS-Grewal-Class-11-Accountancy-Solutions-Chapter-15-Financial-Statements-of-Sole-Proprietorship.jpg\" alt=\"TS Grewal Class 11 Accountancy Solutions Chapter 15\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/10\/TS-Grewal-Class-11-Accountancy-Solutions-Chapter-15-Financial-Statements-of-Sole-Proprietorship.jpg 1200w, https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/10\/TS-Grewal-Class-11-Accountancy-Solutions-Chapter-15-Financial-Statements-of-Sole-Proprietorship-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><strong>TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole<br>Proprietorship:&nbsp;<\/strong>You can easily download the TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship free PDF in the below article. These TS Grewal Class 11 Accountancy Chapter 15 &#8211; Financial Statements of Sole Proprietorship Solutions are created by our experts. The questions are explained in a detailed manner which will be very beneficial for your Class 11 Exams.&nbsp;<\/p>\n<ul>\n<li><strong>Read More: <a href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-solutions\/\" target=\"_blank\" rel=\"noopener\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;TS Grewal Class 11 Solutions&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:5053,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;10&quot;:2,&quot;11&quot;:0,&quot;12&quot;:0,&quot;15&quot;:&quot;Arial&quot;}\" data-sheets-note=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-10-maths-rs-aggarwal-solutions\/\nhttps:\/\/www.kopykitab.com\/blog\/cbse-class-11-maths-rs-aggarwal-solutions\/\">TS Grewal Class 11 Solutions<\/span><\/a><\/strong><\/li>\n<\/ul>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_47_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d0118fd1088\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d0118fd1088\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-visibility-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#download-free-pdf-ts-grewal-class-11-accountancy-solutions-chapter-15-%e2%80%93-financial-statements-of-sole-proprietorship\" title=\"Download Free PDF TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship\">Download Free PDF TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#access-ts-grewal-class-11-accountancy-solutions-chapter-15-%e2%80%93-financial-statements-of-sole-proprietorship\" title=\"Access TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship\">Access TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#question-1\" title=\"Question 1:\">Question 1:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#answer\" title=\"ANSWER:\">ANSWER:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#question-2\" title=\"Question 2:\">Question 2:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#answer-2\" title=\"ANSWER:\">ANSWER:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#question-3\" title=\"Question 3:\">Question 3:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#answer-3\" title=\"ANSWER:\">ANSWER:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#question-4\" title=\"Question 4:\">Question 4:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#answer-4\" title=\"ANSWER:\">ANSWER:<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#question-5\" title=\"Question 5:\">Question 5:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#answer-5\" title=\"ANSWER:\">ANSWER:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#faq-ts-grewal-class-11-accountancy-solutions-chapter-15-%e2%80%93-financial-statements-of-sole-proprietorship\" title=\"FAQ: TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship\">FAQ: TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#can-i-download-ts-grewal-class-11-accountancy-solutions-chapter-15-%e2%80%93-financial-statements-of-sole-proprietorship-free-pdf\" title=\"Can I download TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship Free PDF? \">Can I download TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship Free PDF? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#what-should-i-read-during-cbse-class-11-exam-revision\" title=\"What should I read\u00a0during CBSE Class 11 exam revision?\">What should I read\u00a0during CBSE Class 11 exam revision?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#does-a-sole-proprietor-need-financial-statements\" title=\"Does a sole proprietor need financial statements?\">Does a sole proprietor need financial statements?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/#what-are-the-4-financial-statements-typically-prepared-for-a-sole-proprietorship\" title=\"What are the 4 financial statements typically prepared for a sole proprietorship?\">What are the 4 financial statements typically prepared for a sole proprietorship?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"download-free-pdf-ts-grewal-class-11-accountancy-solutions-chapter-15-%e2%80%93-financial-statements-of-sole-proprietorship\"><\/span>Download Free PDF <span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;TS Grewal Class 11 Accountancy Solutions Chapter 15 - Financial Statements of Sole\\nProprietorship&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:4542,&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:65535},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;10&quot;:2,&quot;11&quot;:0,&quot;15&quot;:&quot;Arial&quot;}\">TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"example1\" style=\"text-align: justify;\">&nbsp;<\/div>\n<p style=\"text-align: justify;\"><style>\n.pdfobject-container { height: 800px;}<br \/>\n.pdfobject { border: 1px solid #666; }<br \/>\n<\/style><\/p>\n<p style=\"text-align: justify;\"><script src=\"https:\/\/www.kopykitab.com\/_utility\/js\/pdfobject.min.js\"><\/script><br><script>PDFObject.embed(\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/10\/ts-grewal-solutions-for-class-11-account-chapter-15-min.pdf\", \"#example1\");<\/script><\/p>\n<p><a href=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/10\/ts-grewal-solutions-for-class-11-account-chapter-15-min.pdf\">TS Grewal Class 11 Accountancy Solutions for Chapter 15<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"access-ts-grewal-class-11-accountancy-solutions-chapter-15-%e2%80%93-financial-statements-of-sole-proprietorship\"><\/span><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;TS Grewal Class 11 Accountancy Solutions Chapter 15 - Financial Statements of Sole\\nProprietorship&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:4542,&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:65535},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;10&quot;:2,&quot;11&quot;:0,&quot;15&quot;:&quot;Arial&quot;}\">Access TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"question-1\"><\/span>Question 1:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>State whether the following expenses are capital or revenue in nature:<br>(i) Expenses on whitewashing and painting of a building purchased to make it ready for use.<br>(ii) \u20b9 10,000 spent on constructing a platform for a new machine.<br>(iii) Repair expenses of \u20b9 25,000 incurred for the whitewashing of the factory building.<br>(iv) Insurance premium paid as renewal premium.<br>(v) Purchased a new car.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"answer\"><\/span>ANSWER:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>(1)&nbsp;<em>Capital Expenditure<\/em>: Paid to make an asset ready to use<\/p>\n<p>(2)&nbsp;<em>Capital Expenditure<\/em>: Paid to make an asset ready to use<\/p>\n<p>(3)<em>&nbsp;Revenue Expenditure<\/em>: Made for the maintenance of asset<\/p>\n<p>(4)&nbsp;<em>Revenue Expenditure<\/em>: Part of normal operating cost<\/p>\n<p>(5)&nbsp;<em>Capital Expenditure<\/em>: Used in business for a number of years<\/p>\n<h3><span class=\"ez-toc-section\" id=\"question-2\"><\/span>Question 2:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>State with reasons whether the following are Capital or Revenue Expenses:<br>(i) Excise duty paid on the purchase of the new machine.<br>(ii) Wages paid to install a machine.<br>(iii) Repairs carried out on the existing car.<br>(iv) Office block of building repainted for \u20b9 50,000.<br>(v) Paid telephone bill \u20b9 2,500.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"answer-2\"><\/span>ANSWER:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>(1)&nbsp;<em>Capital Expenditure<\/em>: Paid for the acquisition of a new asset<br><br>(2)&nbsp;<em>Capital Expenditure<\/em>: Paid to make the asset ready to use<br><br>(3)&nbsp;<em>Revenue Expenditure<\/em>: Paid for the running and maintenance of the car<br><br>(4)&nbsp;<em>Revenue Expenditure<\/em>: Paid for the maintenance of the Building<br><br>(5)&nbsp;<em>Revenue Expenditure<\/em>: Part of normal operating cost<\/p>\n<h3><span class=\"ez-toc-section\" id=\"question-3\"><\/span>Question 3:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>From the following information determine Gross Profit for the year ended 31st March, 2018<\/p>\n<table width=\"599\">\n<tbody>\n<tr>\n<td width=\"221\">&nbsp;<\/td>\n<td width=\"72\">\n<p><b><strong>\u20b9<\/strong><\/b><\/p>\n<\/td>\n<td width=\"234\">&nbsp;<\/td>\n<td width=\"72\">\n<p><b><strong>\u20b9<\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>Opening Stock (1st April 2017)<\/td>\n<td width=\"72\">\n<p>25,000<\/p>\n<\/td>\n<td width=\"234\">Goods purchased during the year<\/td>\n<td width=\"72\">\n<p>1,40,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"221\">Freight and Packing<\/td>\n<td width=\"72\">\n<p>10,000<\/p>\n<\/td>\n<td>Closing Stock (31st March 2018)<\/td>\n<td width=\"72\">\n<p>30,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"221\">Sales<\/td>\n<td width=\"72\">\n<p>1,90,000<\/p>\n<\/td>\n<td width=\"234\">Packing Expenses on Sales<\/td>\n<td width=\"72\">\n<p>6,000<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"answer-3\"><\/span>ANSWER:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<tbody>\n<tr>\n<td width=\"55\">\n<p>Gross Profit<\/p>\n<\/td>\n<td width=\"24\">\n<p>=<\/p>\n<\/td>\n<td width=\"525\">\n<p>&nbsp;Sales + Closing Stock \u2013 (Opening Stock + Freight and Packing + Goods Purchased)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"55\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"24\">\n<p>=<\/p>\n<\/td>\n<td width=\"525\">\n<p>1,90,000 + 30,000 \u2013 (25,000 + 10,000 + 1,40,000)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"55\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"24\">\n<p>=<\/p>\n<\/td>\n<td width=\"525\">\n<p>2,20,000 \u2013 1,75,000 = Rs 45,000<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b><strong><em>Alternatively,<\/em><\/strong><\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"4\" width=\"552\">\n<p><b><strong>Trading Account<\/strong><\/b><\/p>\n<p><em>for the year ended March 31, 2018<\/em><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"235\">\n<p><b><strong>Dr.<\/strong><\/b><\/p>\n<\/td>\n<td colspan=\"2\" width=\"246\">\n<p>&nbsp;<\/p>\n<\/td>\n<td>\n<p><b><strong>Cr.<\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"235\">\n<p><b><strong>Particulars<\/strong><\/b><\/p>\n<\/td>\n<td>\n<p><b><strong>Amount<\/strong><\/b><\/p>\n<p><b><strong>(Rs)<\/strong><\/b><\/p>\n<\/td>\n<td width=\"175\">\n<p><b><strong>Particulars<\/strong><\/b><\/p>\n<\/td>\n<td>\n<p><b><strong>Amount<\/strong><\/b><\/p>\n<p><b><strong>(Rs)<\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"235\">\n<p>Opening Stock<\/p>\n<\/td>\n<td>\n<p>25,000<\/p>\n<\/td>\n<td width=\"175\">\n<p>Sales<\/p>\n<\/td>\n<td>\n<p>1,90,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"235\">\n<p>Purchases<\/p>\n<\/td>\n<td>\n<p>1,40,000<\/p>\n<\/td>\n<td width=\"175\">\n<p>Closing Stock<\/p>\n<\/td>\n<td>\n<p>30,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"235\">\n<p>Freight and Packing<\/p>\n<\/td>\n<td>\n<p>10,000<\/p>\n<\/td>\n<td width=\"175\">\n<p>&nbsp;<\/p>\n<\/td>\n<td>\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"235\">\n<p>Gross Profit (<em>Balancing Figure<\/em>)<\/p>\n<\/td>\n<td>\n<p>45,000<\/p>\n<\/td>\n<td width=\"175\">\n<p>&nbsp;<\/p>\n<\/td>\n<td>\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"235\">\n<p>&nbsp;<\/p>\n<\/td>\n<td>\n<p>2,20,000<\/p>\n<\/td>\n<td width=\"175\">\n<p>&nbsp;<\/p>\n<\/td>\n<td>\n<p>2,20,000<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b><strong><em>Note<\/em>:&nbsp;<\/strong><\/b>Packing Expenses (Rs 6,000) on Sales is an Indirect Expense, therefore it is not considered to compute the amount of Gross Profit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"question-4\"><\/span>Question 4:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Calculate Closing Stock from the following details:<br>&nbsp;<\/p>\n<table width=\"599\">\n<tbody>\n<tr>\n<td width=\"221\">&nbsp;<\/td>\n<td width=\"72\">\n<p><b><strong>\u20b9<\/strong><\/b><\/p>\n<\/td>\n<td width=\"234\">&nbsp;<\/td>\n<td width=\"72\">\n<p><b><strong>\u20b9<\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>Opening Stock<\/td>\n<td width=\"72\">\n<p>20,000<\/p>\n<\/td>\n<td width=\"234\">Purchases<\/td>\n<td width=\"72\">\n<p>70,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"221\">Cash Sales<\/td>\n<td width=\"72\">\n<p>60,000<\/p>\n<\/td>\n<td>Credit Sales<\/td>\n<td width=\"72\">\n<p>40,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"221\">&nbsp;<\/td>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td>Rate of Gross Profit on Cost&nbsp;<span data-mathml=\"<math xmlns=&quot;http:\/\/www.w3.org\/1998\/Math\/MathML&quot;><mn>33<\/mn><mfrac><mn>1<\/mn><mn>3<\/mn><\/mfrac><mo>%<\/mo><\/math>&#8220;>3313%3313%<\/span><\/td>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"answer-4\"><\/span>ANSWER:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-mathml=\"<math xmlns=&quot;http:\/\/www.w3.org\/1998\/Math\/MathML&quot;><mtable columnalign=&quot;left&quot;><mtr><mtd><mtext>Calculation&amp;#xA0;of&amp;#xA0;amount&amp;#xA0;of&amp;#xA0;Closing&amp;#xA0;Stock<\/mtext><\/mtd><\/mtr><mtr><mtd><mtext>Gross&amp;#xA0;Profit<\/mtext><mo>=<\/mo><mtext>33<\/mtext><mfrac><mtext>1<\/mtext><mtext>3<\/mtext><\/mfrac><mtext>%&amp;#xA0;on&amp;#xA0;cost&amp;#xA0;=<\/mtext><mfrac><mn>1<\/mn><mn>3<\/mn><\/mfrac><mi>rd<\/mi><mi mathvariant=&quot;normal&quot;><\/mi><mo>&amp;#xA0;<\/mo><mi>on<\/mi><mo>&amp;#xA0;<\/mo><mi mathvariant=&quot;normal&quot;><\/mi><mi>cost<\/mi><\/mtd><\/mtr><mtr><mtd><mo>&amp;#x2234;<\/mo><mtext>Gross&amp;#xA0;Profit&amp;#xA0;on&amp;#xA0;sales&amp;#xA0;=<\/mtext><mfrac><mn>1<\/mn><mn>4<\/mn><\/mfrac><mtext>th&amp;#xA0;on&amp;#xA0;sales<\/mtext><\/mtd><\/mtr><mtr><mtd><mtext>And,&amp;#xA0;Sales&amp;#xA0;=&amp;#xA0;Cash&amp;#xA0;Sales&amp;#xA0;+&amp;#xA0;Credit&amp;#xA0;Sales&amp;#xA0;=&amp;#xA0;60,000+40,000&amp;#xA0;=&amp;#xA0;Rs&amp;#xA0;1,00,000<\/mtext><\/mtd><\/mtr><mtr><mtd><mtext>So,&amp;#xA0;Gross&amp;#xA0;Profit&amp;#xA0;=1,00,000<\/mtext><mo>&amp;#xD7;<\/mo><mfrac><mn>1<\/mn><mn>4<\/mn><\/mfrac><mo>=<\/mo><mtext>Rs&amp;#xA0;25,000<\/mtext><\/mtd><\/mtr><mtr><mtd><mtext>Cost&amp;#xA0;of&amp;#xA0;Goods&amp;#xA0;Sold<\/mtext><mo>=<\/mo><mtext>Sales<\/mtext><mo>&amp;#x2212;<\/mo><mtext>Gross&amp;#xA0;Profit<\/mtext><\/mtd><\/mtr><mtr><mtd><mtext>&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;<\/mtext><mo>=<\/mo><mtext>1,00,000<\/mtext><mo>&amp;#x2212;<\/mo><mtext>25,000<\/mtext><mo>=<\/mo><mtext>Rs&amp;#xA0;75,000<\/mtext><\/mtd><\/mtr><mtr><mtd><mtext>Cost&amp;#xA0;of&amp;#xA0;Goods&amp;#xA0;Sold<\/mtext><mo>=<\/mo><mtext>Opening&amp;#xA0;Stock<\/mtext><mo>+<\/mo><mtext>Purchases<\/mtext><mo>+<\/mo><mtext>Direct&amp;#xA0;Expenses<\/mtext><mo>&amp;#x2212;<\/mo><mtext>Closing&amp;#xA0;Stock<\/mtext><\/mtd><\/mtr><mtr><mtd><mtext>75,000<\/mtext><mo>=<\/mo><mtext>20,000<\/mtext><mo>+<\/mo><mtext>70,000<\/mtext><mo>+<\/mo><mtext>0<\/mtext><mo>&amp;#x2212;<\/mo><mtext>Closing&amp;#xA0;Stock<\/mtext><\/mtd><\/mtr><mtr><mtd><mtext>Closing&amp;#xA0;Stock<\/mtext><mo>=<\/mo><mtext>Rs&amp;#xA0;15,000<\/mtext><\/mtd><\/mtr><\/mtable><\/math>&#8220;>Calculation&nbsp;of&nbsp;amount&nbsp;of&nbsp;Closing&nbsp;StockGross&nbsp;Profit=3313%&nbsp;on&nbsp;cost&nbsp;=13rd&nbsp;on&nbsp;cost\u2234Gross&nbsp;Profit&nbsp;on&nbsp;sales&nbsp;=14th&nbsp;on&nbsp;salesAnd,&nbsp;Sales&nbsp;=&nbsp;Cash&nbsp;Sales&nbsp;+&nbsp;Credit&nbsp;Sales&nbsp;=&nbsp;60,000+40,000&nbsp;=&nbsp;Rs&nbsp;1,00,000So,&nbsp;Gross&nbsp;Profit&nbsp;=1,00,000\u00d714=Rs&nbsp;25,000Cost&nbsp;of&nbsp;Goods&nbsp;Sold=Sales\u2212Gross&nbsp;Profit&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=1,00,000\u221225,000=Rs&nbsp;75,000Cost&nbsp;of&nbsp;Goods&nbsp;Sold=Opening&nbsp;Stock+Purchases+Direct&nbsp;Expenses\u2212Closing&nbsp;Stock75,000=20,000+70,000+0\u2212Closing&nbsp;StockClosing&nbsp;Stock=Rs&nbsp;15,000<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"question-5\"><\/span>Question 5:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Prepare Trading Account from the transactions given below:<br>&nbsp;<\/p>\n<table width=\"427\">\n<tbody>\n<tr>\n<td width=\"221\">&nbsp;<\/td>\n<td width=\"72\">\n<p><b><strong>\u20b9<\/strong><\/b><\/p>\n<\/td>\n<td width=\"234\">&nbsp;<\/td>\n<td width=\"72\">\n<p><b><strong>\u20b9<\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>Opening Stock<\/td>\n<td width=\"72\">\n<p>23,000<\/p>\n<\/td>\n<td>Purchases Return<\/td>\n<td width=\"72\">\n<p>2,400<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"221\">Purchases<\/td>\n<td width=\"72\">\n<p>29,000<\/p>\n<\/td>\n<td>Closing Stock<\/td>\n<td width=\"72\">\n<p>47,700<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"221\">Sales Return<\/td>\n<td width=\"72\">500<\/td>\n<td>Carriage Inwards<\/td>\n<td width=\"72\">100<\/td>\n<\/tr>\n<tr>\n<td width=\"221\">Sales<\/td>\n<td width=\"72\">\n<p>25,400<\/p>\n<\/td>\n<td width=\"234\">Depreciation<\/td>\n<td width=\"72\">\n<p>2,000<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"font-weight: 400;\"><br>Also, pass the Journal entries.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"answer-5\"><\/span>ANSWER:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<table>\n<tbody>\n<tr>\n<td colspan=\"8\" width=\"625\"><b><strong>Trading Account<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"37\">\n<p><b><strong>Dr.<\/strong><\/b><\/p>\n<\/td>\n<td colspan=\"6\" width=\"550\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"38\">\n<p><b><strong>Cr.<\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" width=\"256\">\n<p><b><strong>Particulars<\/strong><\/b><\/p>\n<\/td>\n<td width=\"70\">\n<p><b><strong>Amount<\/strong><\/b><\/p>\n<p><b><strong>(Rs)<\/strong><\/b><\/p>\n<\/td>\n<td colspan=\"2\" width=\"228\">\n<p><b><strong>Particulars<\/strong><\/b><\/p>\n<\/td>\n<td colspan=\"2\" width=\"71\">\n<p><b><strong>Amount<\/strong><\/b><\/p>\n<p><b><strong>(Rs)<\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" width=\"256\">\n<p>Opening Stock<\/p>\n<\/td>\n<td width=\"70\">\n<p>23,000<\/p>\n<\/td>\n<td width=\"173\">\n<p>Sales<\/p>\n<\/td>\n<td width=\"54\">\n<p>25,400<\/p>\n<\/td>\n<td colspan=\"2\" width=\"71\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"204\">\n<p>Purchases<\/p>\n<\/td>\n<td width=\"52\">\n<p>29,000<\/p>\n<\/td>\n<td width=\"70\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"173\">\n<p><em>Less<\/em>: Sales Return<\/p>\n<\/td>\n<td width=\"54\">\n<p>(500)<\/p>\n<\/td>\n<td colspan=\"2\" width=\"71\">\n<p>24,900<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"204\">\n<p><em>Less<\/em>: Purchases Return<\/p>\n<\/td>\n<td width=\"52\">\n<p>(2,400)<\/p>\n<\/td>\n<td width=\"70\">\n<p>26,600<\/p>\n<\/td>\n<td colspan=\"2\" width=\"228\">\n<p>Closing Stock<\/p>\n<\/td>\n<td colspan=\"2\" width=\"71\">\n<p>47,700<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" width=\"256\">\n<p>Carriage Inwards<\/p>\n<\/td>\n<td width=\"70\">\n<p>100<\/p>\n<\/td>\n<td colspan=\"2\" width=\"228\">\n<p>&nbsp;<\/p>\n<\/td>\n<td colspan=\"2\" width=\"71\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" width=\"256\">\n<p>Gross Profit (<em>Balancing Figure<\/em>)<\/p>\n<\/td>\n<td width=\"70\">\n<p>22,900<\/p>\n<\/td>\n<td colspan=\"2\" width=\"228\">\n<p>&nbsp;<\/p>\n<\/td>\n<td colspan=\"2\" width=\"71\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" width=\"256\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"70\">\n<p>72,600<\/p>\n<\/td>\n<td colspan=\"2\" width=\"228\">\n<p>&nbsp;<\/p>\n<\/td>\n<td colspan=\"2\" width=\"71\">\n<p>72,600<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" width=\"256\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"70\">\n<p>&nbsp;<\/p>\n<\/td>\n<td colspan=\"2\" width=\"228\">\n<p>&nbsp;<\/p>\n<\/td>\n<td colspan=\"2\" width=\"71\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"37\">&nbsp;<\/td>\n<td width=\"167\">&nbsp;<\/td>\n<td width=\"52\">&nbsp;<\/td>\n<td width=\"70\">&nbsp;<\/td>\n<td width=\"173\">&nbsp;<\/td>\n<td width=\"54\">&nbsp;<\/td>\n<td width=\"33\">&nbsp;<\/td>\n<td width=\"38\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b><strong><em>Note<\/em>:&nbsp;<\/strong><\/b>Depreciation is an Indirect Expense, therefore it is not shown in the Trading Account.<br>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"6\" width=\"649\">\n<p><b><strong>Journal<\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p><b><strong>Date<\/strong><\/b><\/p>\n<\/td>\n<td colspan=\"2\" width=\"373\">\n<p><b><strong>Particulars<\/strong><\/b><\/p>\n<\/td>\n<td width=\"48\">\n<p><b><strong>L.F.<\/strong><\/b><\/p>\n<\/td>\n<td width=\"74\">\n<p><b><strong>Debit<\/strong><\/b><\/p>\n<p><b><strong>Amount<\/strong><\/b><\/p>\n<p><b><strong>(Rs)<\/strong><\/b><\/p>\n<\/td>\n<td width=\"82\">\n<p><b><strong>Credit<\/strong><\/b><\/p>\n<p><b><strong>Amount<\/strong><\/b><\/p>\n<p><b><strong>(Rs)<\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>Trading A\/c<\/p>\n<\/td>\n<td width=\"36\">\n<p>Dr.<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>52,600<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>To Opening Stock A\/c<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>23,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>To Purchases A\/c<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>29,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>To Carriage Inwards A\/c<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>100<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>To Sales Return A\/c<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>500<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>(Transfer of balances to the debit side of Trading A\/c)<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>Sales A\/c<\/p>\n<\/td>\n<td width=\"36\">\n<p>Dr.<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>25,400<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>Purchase Return A\/c<\/p>\n<\/td>\n<td width=\"36\">\n<p>Dr.<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>2,400<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>To Trading A\/c<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>27,800<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>(Transfer of balances to the credit side of Trading A\/c)<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>Closing Stock A\/c<\/p>\n<\/td>\n<td width=\"36\">\n<p>Dr.<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>47,700<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>To Trading A\/c<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>47,700<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>(Recording of Closing Stock)<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>Trading A\/c<\/p>\n<\/td>\n<td width=\"36\">\n<p>Dr.<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>22,900<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>To Profit &amp; Loss A\/c<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>22,900<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"337\">\n<p>(Transfer of gross profit to the Profit &amp; Loss A\/c)<\/p>\n<\/td>\n<td width=\"36\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"48\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"74\">\n<p>&nbsp;<\/p>\n<\/td>\n<td width=\"82\">\n<p>&nbsp;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>We have included complete information regarding <a href=\"https:\/\/www.cbse.gov.in\/\" target=\"_blank\" rel=\"noopener\">CBSE<\/a> TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship. If you have any questions feel free to ask in the comment section.&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"faq-ts-grewal-class-11-accountancy-solutions-chapter-15-%e2%80%93-financial-statements-of-sole-proprietorship\"><\/span>FAQ: <span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;TS Grewal Class 11 Accountancy Solutions Chapter 15 - Financial Statements of Sole\\nProprietorship&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:4542,&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:65535},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;10&quot;:2,&quot;11&quot;:0,&quot;15&quot;:&quot;Arial&quot;}\">TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole<br>Proprietorship<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1633513001257\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"can-i-download-ts-grewal-class-11-accountancy-solutions-chapter-15-%e2%80%93-financial-statements-of-sole-proprietorship-free-pdf\"><\/span>Can I download TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship Free PDF? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, you can download a Free PDF for TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship. <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1633513025623\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-should-i-read-during-cbse-class-11-exam-revision\"><\/span><strong>What should I read<\/strong>\u00a0<strong>during CBSE Class 11 exam revision?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>You can read the chapter summaries or the revision notes for a quick brush-up before your exams.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1633513026493\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"does-a-sole-proprietor-need-financial-statements\"><\/span>Does a sole proprietor need financial statements?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Sole proprietors are\u00a0required to submit annual financial statements that they may draw up themselves.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1633513029252\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-are-the-4-financial-statements-typically-prepared-for-a-sole-proprietorship\"><\/span>What are the 4 financial statements typically prepared for a sole proprietorship?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Income Statement. Statement of Retained Earnings \u2013 also called Statement of Owners&#8217;\u00a0Equity, The Balance Sheet, The Statement of Cash Flows.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of SoleProprietorship:&nbsp;You can easily download the TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship free PDF in the below article. These TS Grewal Class 11 Accountancy Chapter 15 &#8211; Financial Statements of Sole Proprietorship Solutions are created by &#8230; <a title=\"TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship 2026\" class=\"read-more\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-15\/\" aria-label=\"More on TS Grewal Class 11 Accountancy Solutions Chapter 15 &#8211; Financial Statements of Sole Proprietorship 2026\">Read more<\/a><\/p>\n","protected":false},"author":244,"featured_media":142077,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":""},"categories":[73713,73410],"tags":[75067,77215],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/135599"}],"collection":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/users\/244"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/comments?post=135599"}],"version-history":[{"count":4,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/135599\/revisions"}],"predecessor-version":[{"id":574385,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/135599\/revisions\/574385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media\/142077"}],"wp:attachment":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media?parent=135599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/categories?post=135599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/tags?post=135599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}