[ISC] Q 11 Accounts from Incomplete Records TS Grewal Solution Class 11 (2023-24)
Solution to Question number 11 Accounts from Incomplete Records TS Grewal class 11 ISC 2023-24?
From the following information relating to the business of Yug, who keeps books on Single Entry System, ascertain the profit or loss for the year ended 31st March, 2023:
| 1st Apri, 2022 (₹) | 31st March, 2023 (₹) | |
| Macinery Furniture Stock Sundry Debtors Bank Balance Sundry Creditors | 8,000 2,000 7,000 4,000 200 (Cr.) 5,000 | 8,000 2,000 5,000 4,500 1,800 (Dr.) 3,500 |
Yug withdrew ₹ 4,100 during the year to meet his household expenses. He introduced ₹ 300 as fresh capital on 15th January 2023. Machinery and Furniture are to be depreciated at 10% and 5% p.a. respectively.
Solution:-
Working Notes:-
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