[CBSE] Q 8 Accounts for Incomplete Records Solutions (2023-24)
Solution of Question number 8 Accounts for Incomplete Records (Single Entry System) CBSE Board (2023-24)
Muneesh maintains his books on Single Entry System and from them and the particulars supplied, the following figures were gathered together on 31st March, 2023:
Book Debts ₹ 10,000; Cash in Hand ₹ 510; Stock-in-Trade (estimated) ₹ 6,000; Furniture and Fittings ₹ 1,200; Trade Creditors ₹ 4,000; Bank Overdraft ₹ 1,000. Muneesh stated that he started business on 1st April, 2022 with cash ₹ 6,000 paid into bank but stocks valued at ₹ 4,000. During the year he estimated his drawings to be ₹ 2,400. You are required to prepare the Statement, showing the profit for the year, after writing off 10% for Depreciation on Furniture and Fittings.
[Profit – ₹ 4,990.]
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 |
