[DK Goel] Q. 13 Accounts from Incomplete Records Solutions Class 11 CBSE (2025-26)

Solutions of Question number 13 of Chapter 22 Accounts from Incomplete Records DK Goel class 11 CBSE (2025-26)

Ravi, who keeps his books on Single Entry System, had his capital on 31st March, 2016 ₹ 20,000 and on 1st April, 2015 was ₹ 16,700. He further informs that during the year, he withdrew for his personal expenses ₹ 9,400. He also sold his personal investment of ₹ 10,000 at 15% premium and brought that money into the business.

Prepare a statement of Profit or Loss.

[Ans. Net Profit for the year 1,200.]

Solution:-