Gopal does not keep proper books of account. Following information is given below: During the year he
Question:
Gopal does not keep proper books of account. Following information is given below:
During the year he introduced Rs. 20,000 and withdrew Rs. 12,000 from the business. Prepare the statement of profit or loss on the basis of given information.
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We must ascertain the changes in various accounts from the start of the year to the end in order to generate the statement of profit or loss First let...View the full answer
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