[DK Goel] Q. 18 Accounts from Incomplete Records Solutions Class 11 CBSE (2025-26)
Solutions of Question number 18 of Chapter 22 Accounts from Incomplete Records DK Goel class 11 CBSE (2025-26)
Mr. White does not keep his books properly. Following information is available from his books:
| 1-4-2022 (₹) | 31-3-2023 (₹) | |
| Sundry Creditors | 45,000 | 93,000 |
| Loan from Wife | 66,000 | 57,000 |
| S. Debtors | 22,500 | – |
| Land & Building | 89,600 | 90,000 |
| Cash in Hand | 7,500 | 8,700 |
| Bank Overdraft | 25,000 | – |
| Furniture | 1,300 | 1,300 |
| Stock | 34,000 | 25,000 |
During the year Mr. White sold his private car for ₹ 50,000 and invested this amount into the business. He withdrew from the business ₹ 1,500 per month upto 31st October, 2022 and thereafter ₹ 4,500 per month as drawings. You are required to prepare a statement of profit or loss and a statement of affairs as at March 31, 2023.
Solution:-
