[DK Goel] Q. 3 Accounts from Incomplete Records Solutions Class 11 CBSE (2025-26)
Solutions of Question number 3 of Chapter 22 Accounts from Incomplete Records DK Goel class 11 CBSE (2025-26)
Mr. Vasudev does not keep proper records of his business. He provided following information. You are required to prepare a statement showing the profit or loss for the year.
| ₹ | |
| Owner’s Equity at the beginning of the year | 15,00,000 |
| Bills Receivable | 60,000 |
| Cash in Hand | 80,000 |
| Furniture | 9,00,000 |
| Building | 10,00,000 |
| Creditors | 6,00,000 |
| Stock in Trade | 2,00,000 |
| Further Capital Introduced | 3,20,000 |
| Drawings made during the period | 80,000 |
[Ans. Closing Capital ₹ 16,40,000; Loss ₹ 1,00,000.]
Solution:-
