X who keeps incomplete records, gives you the following information: You are also given the following information:
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Mr. White does not keep his books properly. Following information is available from his books:
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Mr. A does not keep proper records of his business. Following information is available from records kept by him:
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From the following information relating to the business of Mr. X who keeps books by Single entry ascertain the profits or loss for the year ended 31st March, 2023:
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On April 1st, 2022, X started a business with ₹ 40,000 as his capital. On March 31st, 2023, his position was as follows:
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Mohan commenced business on 1st April, 2019 with a capital of ₹ 50,000. On 1st January, 2020, he introduced ₹ 25,000 into business of which ₹ 10,000 was borrowed from Ram
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Ravi, who keeps his books on Single Entry System, had his capital on 31st March, 2016 ₹ 20,000 and on 1st April, 2015 was ₹ 16,700
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Ashok keeps incomplete records. The position of his business on 1st April, 2022 was as follows: Cash in Hand ₹ 2,200; Cash at Bank ₹ 5,400; Stock ₹ 25,100
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Charu do not keep proper books of accounts. Prepare the statement of profit or loss for the year ending 31-3-2023 from the following information:
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On 1st April 2019, Mr. Ghosh started business with a capital of ₹ 5,00,000. He kept his books on single entry basis. Soon after he purchased furniture for ₹ 40,000 and purchased goods for ₹ 3,00,000
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