[DK Goel] Q. 16 Accounts from Incomplete Records Solutions Class 11 CBSE (2025-26)

Solutions of Question number 16 of Chapter 22 Accounts from Incomplete Records DK Goel class 11 CBSE (2025-26)

From the following information relating to the business of Mr. X who keeps books by Single entry ascertain the profits or loss for the year ended 31st March, 2023:

Mar. X withdrew ₹ 4,100 during the year to meet his household expenses. He introduced ₹ 600 as fresh capital. Machinery and furniture to be depreciated by 10% and 5% per annum respectively.

[Ans. Opening Capital ₹ 32,400; Closing Capital ₹ 35,600; Profit ₹ 4,900.]

Solution:-