[CBSE] Q 9, Q 10 Accounts for Incomplete Records Solutions (2025-26)

Solution of Question number 9 and 10 Accounts for Incomplete Records (Single Entry System) CBSE Board (2025-26)

Q. 9. Sarvesh maintains her books of account from Incomplete Records. Her books provide the following information:

	1st April, 2024 (₹)	31st March, 2025 (₹)
Cash	1,200	4,000
Debtors	16,800	27,200
Stock	22,400	24,400
Investments	–	8,000
Furniture	7,500	8,000
Creditors	14,900	11,600

She withdrew ₹ 500 per month for personal expenses. She sold her Investments of ₹ 16,000 at a 5% premium and introduced the amount into business.

You are required to prepare a Statement of Profit or Loss for the year ending 31st March 2016.

[Capital as at 1st April 2015 – ₹ 33,000; Capital as at 31st March 2016 – ₹ 60,000; Profit – ₹ 16,200.]

Solution:-

Q. 10. Mahesh commenced business on 1st April 2022 with a capital of ₹ 10,000. He immediately bought furniture and fixtures for ₹ 2,000.

On 1st October 2022, he borrowed ₹ 5,000 from his wife @ 9% p.a. (interest not yet paid) and also introduced further capital of his own of ₹ 1,500. He drew @ ₹ 300 per month at the end of each month for household expenses. On 31st March 2023 his position was as follows:

Cash in Hand ₹ 2,800; Sundry Debtors ₹ 6,400; Stock ₹ 6,800; Sundry Creditors ₹ 500 and owing for Rent ₹ 150.

Furniture and Fixtures to be depreciated by 10%.

Ascertain the profit earned or loss incurred by Mahesh during the year ended 31st March 2023.

[Capital at the end – ₹ 11,925; Profit – ₹ 4,025.]

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