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Following information is supplied to you by a shopkeeper: |{:(,,"1st April, 2018 (Rs.)","31st March, 2019 (Rs.)"),("Cash",.......................................................,"6,000","7,000"),("Sundry Debtors",.......................................................,"68,000","64,000"),("Stock",.......................................................,"59,000","87,000"),("Furniture",.......................................................,"15,000","13,500"),("Sundry Creditors",.......................................................,"20,000","18,000"),("Bills Payable",.......................................................,"15,000","11,000"):}| During the year, he withdrew Rs. 2,500 per month for domestic purposes. He also borrowed from a friend at 9% a sum of Rs. 20,000 on 1st October, 2018. He has not yet paid the interest. A provision of 5% on debtors for doubtful debts is to be made. Ascertain the profit or loss made by him during the period. |
Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> <a href="https://interviewquestions.tuteehub.com/tag/earned-7273289" style="font-weight:bold;" target="_blank" title="Click to know more about EARNED">EARNED</a> during the <a href="https://interviewquestions.tuteehub.com/tag/year-1464599" style="font-weight:bold;" target="_blank" title="Click to know more about YEAR">YEAR</a> - <a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a>. 35,400.</body></html> | |