[CBSE] Q 4 Accounts for Incomplete Records Solutions (2023-24)

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Solution of Question number 4 Accounts for Incomplete Records (Single Entry System) CBSE Board (2023-24)

Pankaj maintains his books of account on Single Entry System. He provides following information from his books. Find out additional capital introduced in the business during the year 2022-23.

Opening Capital – ₹ 1,30,000

Drawings during the year – ₹ 50,000

Closing Capital – ₹ 2,00,000

Profit made during the year – ₹ 1,00,000.

[Additional Capital – ₹ 20,000.]

Solution:-

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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 and can download the Android & ios app for free lectures.

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