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Aditya a retailer, has not maintained proper books of account but it has been possible to obtain the following details: {:(,,"Last Year (Rs.)","This Year (Rs.)"),("Trade Creditors","......................................","6,270","5,890"),("Loan from Naresh","......................................","5,000","5,000"),("Stock","......................................","12,350","11,980"),("Cash in Hand","......................................","570","650"),("Shop Fltting","......................................","7,250","7,800"),("Trade Debtors","......................................","5,280","4,560"),("Bank Balance","......................................","3,990","4,130"):} Calculate the net profit for this year and draft the Statement of Affairs at the end of the year after noting that: ltbr. (a) Shop Fittings are to be depreciated by Rs. 780. (b) |
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