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:-
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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
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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:
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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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The Trial Balance extracted from the books of Anil on 31st March, 2022 did not agree. The difference was transferred to a Suspense Account
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