[CBSE] Q 5, Q 6 Accounts for Incomplete Records Solutions (2025-26)
Solution of Question number 5 and 6 Accounts for Incomplete Records (Single Entry System) CBSE Board (2025-26)
Q. 5. Vikas maintains books on Single Entry System. He gives you the following information:
| ₹ | |
| Capital on 1st April, 2024 | 15,200 |
| Capital on 31st March, 2025 | 16,900 |
| Drawings made during the year | 4,800 |
| Capital introduced on 1st August, 2024 | 2,000 |
Your are required to calculate the Profit or Loss made by Mohan
[Profit made during the period – ₹ 4,500.]
Solution:-
Q. 6. Gurman who keeps his books on Single Entry System sells goods at cost plus 50%.
On 1st April, 2022 his Capital was ₹ 4,00,000 and on 31st March, 2023 it was ₹ 3,50,000. He had withdrawn ₹ 20,000 per month besides goods of the sale value of ₹ 60,000. How much did he earn in 2022-23?
[Profit – ₹ 2,30,000.]
[Hint: Drawings = ₹ 2,40,000 (Cash + ₹ 40,000 (Cost of goods taken) = ₹ 2,80,000.]
Solution:-
Following is the list
