[CBSE] Q 2 Accounts for Incomplete Records Solutions (2023-24)

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Solution of Question number 2 Accounts for Incomplete Records (Single Entry System) CBSE Board (2023-24)

Ramesh does not maintain the proper records of his business, he gives you the following information:

Particulars
Opening Capital1,00,000
Closing Capital1,25,000
Drawings during the year30,000
Capital added during the year37,500

Calculate the profit or loss for the year.

[Profit = ₹ 17,500.]

Solution:-

Following is the list

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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

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