[ISC] Q 4 Solution Accounts from Incomplete Records TS Grewal Class 11 (2022-23)
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Krishan started his business on 1st April, 2021 with a Capital of ₹ 10,000. On 31st March, 2022, 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:-
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