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Category Incomplete Records

Incomplete Records 15 Questions

0 Votes 1 Ans

Ajay commenced business on 1st April, 2021 with a capital of ₹ 10,000. He immediately bought furniture and fixtures for ₹ 2,000

1.35K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records

0 Votes 1 Ans

Raj commenced business on 1st April, 2022 with a capital of ₹ 1,00,000. He immediately bought furniture and fixture for ₹ 20,000

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0 Votes 1 Ans

Following information is supplied to you by a shopkeeper:

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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

1.42K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records

0 Votes 1 Ans

Kumaran, a trader, does not keep proper books of account, However, he furnishes you the following particulars:

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Angad keeps his books on Single Entry System He gives the following information:

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X, a retailer, has not kept proper books of account but it has been possible to obtain the following details:

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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

1.55K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records

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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

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Prashad keeps his books on Single Entry System, and from them and the particulars, supplied, the following figures were gathered on 31st March, 2023

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0 Votes 1 Ans

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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0 Votes 1 Ans

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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