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)

Aditya a retailer, has not maintained proper books of account but it h

1.	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)
Answer» <html><body><p><br/></p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/net-5194" style="font-weight:bold;" target="_blank" title="Click to know more about NET">NET</a> Profit - <a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a>. 3,960; Total of <a href="https://interviewquestions.tuteehub.com/tag/statement-16478" style="font-weight:bold;" target="_blank" title="Click to know more about STATEMENT">STATEMENT</a> of <a href="https://interviewquestions.tuteehub.com/tag/affairs-851191" style="font-weight:bold;" target="_blank" title="Click to know more about AFFAIRS">AFFAIRS</a> - Rs. 28,070.</body></html>

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