[ISC] Q 4 Solution Accounts from Incomplete Records TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 4 Accounts from Incomplete Records TS Grewal class 11 ISC 2022-23?

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:-

Working Notes:-

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