[ISC] Q 8 Solution Accounts from Incomplete Records TS Grewal Class 11 (2022-23)

Solution of Question number 8 Accounts from Incomplete Records TS Grewal class 11 ISC 2022-23?

Kuldeep, a general merchant, keeps his accounts on Single Entry System. He wants to know the results of his business on 31st March, 2022 and for that the following information is available:

During the year, he had withdrawn ₹ 500 for his personal use and invested ₹ 250 as additional capital. Calculate his profit on 31st March, 2022 and prepare the statement of Affairs as on that date.

Solution:-

Working Notes:-

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