[ISC] Q 10 Accounts from Incomplete Records TS Grewal Solution Class 11 (2023-24)
Solution to Question number 10 Accounts from Incomplete Records TS Grewal class 11 ISC 2023-24?
Following information is supplied to you by a shopkeeper:
1st April, 2022 (₹) | 31st March, 2023 (₹) | |
Cash Sundry Debtors Stock Furniture Sundry Creditors Bills Payable | 600 6,800 5,900 1,500 2,000 1,500 | 700 6,400 8,700 1,300 1,800 1,100 |
During the year, the shopkeeper withdrew ₹ 250 per month for domestic purposes. He also borrowed from a friend at 9% p.a. a sum of ₹ 2,000 on 1st October 2022. He has not yet paid the interest. A provision of 5% on debtors for doubtful debts is to be made.
Ascertain the profit or loss made by him during the period.
![](https://commerceschool.in/wp-content/uploads/2023/10/q10-11-1024x413.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2023/10/1-193-1024x472.webp)
Working Notes:-
![](https://commerceschool.in/wp-content/uploads/2023/10/2-84-1024x455.webp)
![](https://commerceschool.in/wp-content/uploads/2023/10/3-32-1024x405.webp)
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