[CBSE] Q 11, Q 12 Accounts for Incomplete Records Solutions (2025-26)
Solution of Question number 11 and 12 Accounts for Incomplete Records (Single Entry System) CBSE Board (2025-26)
Q. 11. Swastik maintains his books of account by Single Entry System. His books provide the following information:
| 1st April (2022) ₹ | 31st March, (2022) ₹ | |
| Furniture | 2,000 | 2,000 |
| Stock | 28,000 | 30,500 |
| Sundry Debtors | 21,000 | 34,000 |
| Cash | 1,500 | 5,000 |
| Sundry Creditors | 17,500 | 19,000 |
| Loan | – | 5,000 |
| Investments | – | 10,000 |
His drawings during the year were ₹ 5,000. Depreciate furniture by 10% and provide a reserve for Bad and Doubtful Debts at 10% on Sundry Debtors.
Prepare the Statement showing the profits for the year.
[Profit during the year – ₹ 23,900.]
Solution:-
Q. 12. Kuldeep, a general merchant, keeps his accounts on Single Entry System. He wants to know the results of his business on 31st March, 2023 and for that following information available:
| 1st April, 2022 (₹) | 31st March, 2023 (₹) | |
| Cash in Hand | 1,50,000 | 1,75,000 |
| Bank Balance | 7,50,000 | 8,00,000 |
| Furniture | 1,00,000 | 1,00,000 |
| Stock | 5,00,000 | 6,50,000 |
| Creditors | 3,50,000 | 4,00,000 |
| Debtors | 2,50,000 | 3,00,000 |
During the year, he had withdrawn ₹ 5,00,000 for his personal use and invested ₹ 2,50,000 as additional capital. Calculate his profits on 31st March 2023 and prepare the Statement of Affairs as on that date.
[Profit – ₹ 4,75,000.]
Solution:-
Following is the list
