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Hari maintains his books of account on Single Entry System. His books provide the following information: |{:(,,"1st April, 2018 (Rs.)","31 March, 2019 (Rs.)"),("Furniture",.......................................................,"2,000","2,000"),("Stock",.......................................................,"28,000","30,500"),("Sundry Debtors",.......................................................,"21,000","34,000"),("Cash",.......................................................,"1,500","2,00"),("Sundry creditors",.......................................................,"17,500","19000"),("Bills Receivable",.......................................................,"...","5,000"),("Loan",.......................................................,"...","5,000"),("Investments",.......................................................,"...","10,000"):}| His drawing during the year were Rs. 5,000. Depreciate furniture by 10% and provide a reserve for Bad and Doubtful Debts at 10% on Sundry Debtors. Prepare the statement showing the profits for the year. |
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> 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>. 23,900.</body></html> | |