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:-
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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:-
Shiv maintains his books of account on Single Entry System. His books provide the following information
Solution:- Working Capital:-
Prashad keeps his books on Single Entry System, and from them and the particulars, supplied, the following figures were gathered on 31st March, 2023
Solution:- Working Capital:-
Kapil started his business on 1st April, 2022 with a Capital of ₹ 10,000. On 31st March, 2023, his assets were:
Solution:-
Ranjeet maintains books of account on Single Entry System. He gives you the following information:
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Capital of Gaurav in the beginning of the year was ₹ 70,000. During the year his business earned a profit of ₹ 20,000
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The following information of an accounting year is given: Opening Capital ₹ 60,000; Drawings ₹ 5,000; Capital added during the year ₹ 10,000 and Closing Capital ₹ 90,000
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A Trial Balance disclosed a difference of ₹ 217 placed on the credit side of the Suspense Account. Later on the following errors were located
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