[CBSE] Q 10 Accounts for Incomplete Records Solutions (2023-24)
Solution of Question number 10 Accounts for Incomplete Records (Single Entry System) CBSE Board (2023-24)
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:-
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 |
