1.

Gopal does not keep proper books of account. Following information is given below: April. 01, 2016 March. 31, 2017 Rs Rs Cash in hand 18,000 12,000 Cash at bank 1,500 2,000 Stock in trade 80,000 90,000 Sundry debtors 36,000 60,000 Sundry creditors 60,000 40,000 Loan 10,000 8,000 Office equipments 25,000 30,000 Land and Building 30,000 20,000 Furniture 10,000 10,000 During the year he introduced Rs 20,000 and withdrew Rs 12,000 from the business. Prepare the statement of profit or loss on the basis of given information

Answer»

Gopal does not keep proper books of account. Following information is given below:




















































































April. 01, 2016



March. 31, 2017







Rs





Rs



Cash in hand





18,000





12,000



Cash at bank





1,500





2,000



Stock in trade





80,000





90,000



Sundry debtors





36,000





60,000



Sundry creditors





60,000





40,000



Loan





10,000





8,000



Office equipments





25,000





30,000



Land and Building





30,000





20,000



Furniture





10,000





10,000




During the year he introduced Rs 20,000 and withdrew Rs 12,000 from the business. Prepare the statement of profit or loss on the basis of given information








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