[ISC] Q 4 Accounts from Incomplete Records TS Grewal Solution Class 11 (2023-24)

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Solution to Question number 4 Accounts from Incomplete Records TS Grewal class 11 ISC 2023-24?

Kapil started his business on 1st April, 2022 with a Capital of ₹ 10,000. On 31st March, 2023, his assets were:

Cash
Stock
320
3,480
Plant
Debtors
8,500
3,100

He owed ₹ 1,200 to sundry creditors and ₹ 1,000 to his brother on that date. He withdrew ₹ 200 per month for his personal expenses. Ascertain his profit

Solution:-

Working Notes:-

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