Mr. Vasudev does not keep proper records of his business. He provided following information. You are required to prepare a statement showing the profit or loss for the year
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Mr. Samrat does not keep proper books of accounts. He gives you the following information: Opening Capital ₹ 7,00,000
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Atul does not keep proper records of his business. He gives you the following information: Opening Capital ₹ 2,00,000
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The following balances were extracted from the books of Mr. Din Dayal as at 31st March, 2023 Stock at the beginning ₹ 41,000 Rent ₹ 9,600
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From the following Trial Balance of Mr. Tarun Ghosh, prepare Trading and Profit and Loss A/c for the year ending 31st March, 2020 and a Balance Sheet as at that date:
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The following Trial Balance was extracted from the books of Mr. Gupta as at 31st March, 2023: Stock on 1-4-2022 ₹ 65,000 Purchases ₹ 7,10,000
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From the following Trial Balance of Sh. Parveen Kumar, prepare Trading and Profit & Loss Account for the year ending 31st March, 2023 and a Balance sheet as at that date:
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From the following information prepare financial Statements of M/s Raj & Bros for the year ending March 31, 2020
Solution:- Note:- The interest on a bank loan of ₹24,000 at 10% per annum for 9 months amounts to ₹1,800. The Trial Balance, however, shows that only ₹1,000 has been paid. Therefore, the remaining ₹800 represents Outstanding interest Loan…
From the following Trial Balance extracted from the books of Mr. Karuna Sagar, prepare a Trading and Profit & Loss A/c For for the year ended 31st March, 2023 and a Balance Sheet as at that date:
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Prepare Trading and Profit & Loss Account and Balance Sheet as at 31st March, 2023, from the following balances: Capital A/c ₹ 5,00,000 ₹ Drawings A/c ₹ 36,000
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