Shiv maintains his books of account on Single Entry System. His books provide the following information
Shiv maintains his books of account on Single Entry System. His books provide the following information:
|  | 1st April 2022 (₹) | 31st March, 2023 (₹) |
|
Furniture Stock Sundry Debtors Cash Sundry Creditors Bills Receivable Loan Investments |
200 2,800 2,100 150 1,750 – – – |
200 3,050 3,400 200 1,900 300 500 1,000 |
His drawings during the year were ₹ 500. Depreciate furniture by 10% and provide for Doubtful Debts at 10% on sundry debtors.
Prepare the statement showing profit/loss for the year.
Anurag Pathak Changed status to publish October 28, 2023
