[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

S.N	Questions
1	Question – 1, 2
2	Question – 3, 4
3	Question – 5, 6
4	Question – 7, 8
5	Question – 9, 10
6	Question – 11, 12
7	Question – 13, 14
8	Question – 15, 16
9	Question – 17, 18