[CBSE] Q 14 Accounts for Incomplete Records Solutions (2023-24)
Solution of Question number 14 Accounts for Incomplete Records (Single Entry System) CBSE Board (2023-24)
Following information is supplied to you by a shopkeeper:
| 1st April, 2022 (₹) | 31st March, 2023 (₹) | |
| Cash | 6,000 | 7,000 |
| Sundry Debtors | 68,000 | 64,000 |
| Stock | 59,000 | 87,000 |
| Furniture | 15,000 | 13,500 |
| Sundry Creditors | 35,000 | 29,000 |
During the year, he withdrew ₹ 2,500 per month for domestic purposes. He also borrowed frofm a friend at 9% a sum of ₹ 20,000 on 1st October, 2022. He has not yet paid the interest. A provision of 5% on debtors for doubtful debts is to be made.
Ascertain the profit or loss made by him during the period.
[Profit earned during the year – ₹ 35,400.]
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 |
