[ISC] Q 6 Solution Accounts from Incomplete Records TS Grewal Class 11 (2022-23)
Solution of Question number 6 Accounts from Incomplete Records TS Grewal class 11 ISC 2022-23?
Shiv maintains his books of account on Single Entry System. His books provide the following information:
| 1st April 2021 (₹) | 31st March, 2022 (₹) | |
| 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:-
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