Mr. Akshat keeps his books on incomplete records following information is given below : During the year

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Mr. Akshat keeps his books on incomplete records following information is given below :

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During the year he withdrew Rs. 45,000 and introduced Rs. 25,000 as further capital in the business compute the profit or loss of the business.

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Accountancy Financial Accounting Part 2 For Class 11

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Authors: NCERT

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Question Posted: Feb 16, 2024 12:14 PM

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Mr. Akshat keeps his books on incomplete records following information is given below : During the year

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Cash in hand Cash at bank Stock Debtors Business premises Furniture Creditors Bills payable April 01, 2004 Rs. 1,000 15,000 1,00,000 42,500 75,000 9,000 66,000 44,000 March 31, 2005 Rs. 1,500 10,000 95,000 70,000 1,35,000 7,500 87,000 58,000

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Answer Description April 01 2004 Rs March 31 2005 Rs Cash in Hand 1000 1500 Cash at Bank 15000 10000 Stock 100000 95000 Debtors 42500 70000 Business Premises 75000 135000 Furniture 9000 7500 Creditors ...View the full answer

Accountancy Financial Accounting Part 2 For Class 11

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