[ISC] Q 6 Solution Accounts from Incomplete Records TS Grewal Class 11 (2022-23)

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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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