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Accountancy · Class 11Financial Statements of Sole ProprietorshipVideo coming soonRead the notes instead
Free notes for this chapterMark as Completed
Trading Account, Profit and Loss Account, Balance Sheet and the board questions built on them — roughly 10 marks of the paper.
What this chapter covers
- 1Trading Account
- 2Profit and Loss Account
- 3Balance Sheet
- 4Closing Entries
These lessons are being recorded. The written notes for this chapter are free to download now.
Learning resources
Seedha Notes
Chapter notes withimportant points,examples & format
View Notes for Financial Statements of Sole Proprietorship, AccountancyPractice Questions
Important questions,board questions,numericals
Practice Now for Financial Statements of Sole Proprietorship, AccountancyPrevious yearquestions withfull solutions
View PYQs for Financial Statements of Sole Proprietorship, AccountancySample Paper
Board patternsample paper withmarking scheme
Open Paper for Financial Statements of Sole Proprietorship, Accountancy
In the notes
Topics covered
- 01Trading Account33:22
- 02Profit and Loss Account23:03
- 03Balance Sheet30:29
- 04Closing Entries30:50
After this chapter you can
- Explain trading account without reading from the book
- Present profit and loss account in the format the marking scheme rewards
- Attempt every previous year question set on this chapter
- Marks
- 10
- PYQs
- 12
- Video
- 1h 58m
Then do the work
- One-shot revision, 30 minutes
- Format sheet for this chapter
- Printable summary, 2 pages
Prepare
| Year | Asked as | Marks |
|---|---|---|
| 2025 | MCQ set | 12 |
| 2024 | Case based | 4 |
| 2023 | Short answer | 4 |
| 2022 | Long answer | 8 |
| 2021 | MCQ set | 8 |
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