Krishna Kulkarni has not kept proper books of accounts prepare the statement of profit or loss for the year ending December 31, 2005 from the following information The following adjustments were made (a) Krishna withdrew cash Rs 5,000 per month for private use (b) Depreciation 5 on car and furnitur...

Answer Account Jan 01 2005 Rs Dec 31 2005 Rs Change Rs Cash 10 ...

Krishna Kulkarni has not kept proper books of accounts prepare the statement of profit or loss for

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Krishna Kulkarni has not kept proper books of accounts prepare the statement of profit or loss for the year ending December 31, 2005 from the following information:

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The following adjustments were made :

(a) Krishna withdrew cash Rs. 5,000 per month for private use.

(b) Depreciation @ 5% on car and furniture @10% .

(c) Outstanding Rent Rs. 6,000.

(d) Fresh Capital introduced during the year Rs.30,000.

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Accountancy Financial Accounting Part 2 For Class 11

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Authors: NCERT

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Krishna Kulkarni has not kept proper books of accounts prepare the statement of profit or loss for

Question:

Cash in hand Debtors Creditors Bills receivable Bills payable Car Stock Furniture Investment Bank balance Jan. 01, 2005 (Rs.) 10,000 20,000 10,000 20,000 4,000 40,000 8,000 40,000 1,00,000 Dec. 31, 2005 (Rs.) 36,000 80,000 46,000 24,000 42,000 80,000 30,000 48,000 50,000 90,000

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Accountancy Financial Accounting Part 2 For Class 11

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