Sunflower Ltd., a listed company, had outstanding 5,000, 8% Debenture of ₹ 1,000 each due for redemption on 30th September, 2023
Solution:- Nil Explanation:- Listed companies are exempted to create DRR for the purpose of Redemption of Debenture.
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Ajay commenced business on 1st April, 2021 with a capital of ₹ 10,000. He immediately bought furniture and fixtures for ₹ 2,000
Solution:- Working Note:-
Angad keeps his books on Single Entry System He gives the following information:
Solution:-
Kumaran, a trader, does not keep proper books of account, However, he furnishes you the following particulars:
Solution:- Working Note:-
X, a retailer, has not kept proper books of account but it has been possible to obtain the following details:
Solution:- Working Note:-
From the following information relating to the business of Yug, who keeps books on Single Entry System, ascertain the profit or loss for the year ended 31st March, 2023
Solution:- Working Note:-
Following information is supplied to you by a shopkeeper:
Solution:- Working Note:-
Raj commenced business on 1st April, 2022 with a capital of ₹ 1,00,000. He immediately bought furniture and fixture for ₹ 20,000
Solution:- Working Note:-
On 1st April, 2022, Shiv started a business with ₹ 40,000 as his capital. On 31st March, 2023, his position was as follows
Solution:- Working Note:-
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
Solution:-