[ISC] Q 6 Accounts from Incomplete Records TS Grewal Solution Class 11 (2023-24)
Solution to Question number 6 Accounts from Incomplete Records TS Grewal class 11 ISC 2023-24?
Shiv maintains his books of account on Single Entry System. His books provide the following information:
| 1st April 2022 (₹) | 31st March, 2023 (₹) | |
| Furniture Stock Sundry Debtors Cash Sundry Creditors Bills Receivable Loan Investments | 200 2,800 2,100 150 1,750 – – – | 200 3,050 3,400 200 1,900 300 500 1,000 |
His drawings during the year were ₹ 500. Depreciate furniture by 10% and provide for Doubtful Debts at 10% on sundry debtors.
Prepare the statement showing profit/loss for the year.
Solution:-
Working Notes:-
Below is the list of all the Practical problems
