[CBSE] Q 12 Accounts for Incomplete Records Solutions (2023-24)

Share your love

Solution of Question number 12 Accounts for Incomplete Records (Single Entry System) CBSE Board (2023-24)

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 Hand1,50,0001,75,000
Bank Balance7,50,0008,00,000
Furniture1,00,0001,00,000
Stock5,00,0006,50,000
Creditors3,50,0004,00,000
Debtors2,50,0003,00,000

During the year, he had withdrawn ₹ 5,00,000 for his personal use and invested ₹ 2,50,000 as additional capital.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

S.NQuestions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NQuestions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 6552

Leave a Reply

Your email address will not be published. Required fields are marked *

x