[CBSE] Q 9 Accounts for Incomplete Records Solutions (2023-24)
Solution of Question number 9 Accounts for Incomplete Records (Single Entry System) CBSE Board (2023-24)
Shruti maintains her books of account from Incomplete Records. Her books provide the following information:
| 1st April, 2015 (₹) | 31st March, 2016 (₹) | |
| Cash | 1,200 | 4,000 |
| Debtors | 16,800 | 27,200 |
| Stock | 22,400 | 24,400 |
| Investments | – | 8,000 |
| Furniture | 7,500 | 8,000 |
| Creditors | 14,900 | 11,600 |
She withdrew ₹ 500 per month for personal expenses. She sold her Investments of ₹ 16,000 at a 5% premium and introduced the amount into business.
You are required to prepare a Statement of Profit or Loss for the year ending 31st March 2016.
[Capital as at 1st April 2015 – ₹ 33,000; Capital as at 31st March 2016 – ₹ 60,000; Profit – ₹ 16,200.]
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 |
