[CBSE] Q 13 Accounts for Incomplete Records Solutions (2023-24)
Solution of Question number 13 Accounts for Incomplete Records (Single Entry System) CBSE Board (2023-24)
From the following information relating to the business of Abhay who keeps books on Single Entry System, ascertain the profit or loss for the year 2022-23:
| 1st April, 2022 (₹) | 31st March, 2023 (₹) | |
| Machinery | 8,000 | 8,000 |
| Furniture | 2,000 | 2,000 |
| Stock | 7,000 | 5,000 |
| Sundry Debtors | 4,000 | 4,500 |
| Bank Balance | 200 (Cr.) | 1,800 (Dr.) |
| Sundry Creditors | 5,000 | 3,500 |
Abhay withdrew ₹ 4,100 during the year to meet his household expenses. He introduced ₹ 300 as fresh capital on 15th January 2023. Machinery and Furniture are to be depreciated at 10% and 5% p.a. respectively.
[Profit – ₹ 4,900.]
Solution:-
Following is the list
| S.N | Questions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Questions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
