[ISC] Q 7 Accounts from Incomplete Records TS Grewal Solution Class 11 (2023-24)
Solution to Question number 7 Accounts from Incomplete Records TS Grewal class 11 ISC 2023-24?
Kuldeep, a general merchant, keeps his accounts on Single Entry System. He wants to know the results of his business on 31st March, 2023 and for that the following information is available:
| 1st April, 2021 (₹) | 31st March, 2022 (₹) | |
| Cash in Hand Bank Balance Furniutre Stock Creditors Debtors | 150 750 100 500 350 250 | 175 800 100 650 400 300 |
During the year, he had withdrawn ₹ 500 for his personal use and invested ₹ 250 as additional capital. Calculate his profit on 31st March, 2023 and prepare the statement of Affairs as on that date.
Solution:-
Working Notes:-
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