[CBSE] Q 3, Q 4 Accounts for Incomplete Records Solutions (2025-26)
Solution of Question number 3 and 4 Accounts for Incomplete Records (Single Entry System) CBSE Board (2025-26)
Q. 3. Ramesh does not maintain the proper records of his business, he gives you the following information:
| Particulars | ₹ |
| Opening Capital | 1,00,000 |
| Closing Capital | 1,25,000 |
| Drawings during the year | 30,000 |
| Capital added during the year | 37,500 |
Calculate the profit or loss for the year.
[Profit = ₹ 17,500.]
Solution:-
Q. 4. Capital of Pankaj Gupta in the beginning of the year was ₹ 70,000.
During the year his business earned a profit of ₹ 20,000, he withdrew ₹ 7,000 for his personal use. He sold ornaments of his wife for ₹ 20,000 and invested that amount into the business.
Find out his capital at the end of the year.
[Ans.: Capital at the end – ₹ 1,03,000.]
Solution:-
Following is the list
