1.

Shanti maintains her boods of account from incomplete records. Her books provide the following information: {:("Particulars","1st April, 2018 (Rs.)","31st March, 2019 (Rs.)"),("Cash","1,200","1,600"),("Bills Receivable","...","2,400"),("Debtors","16,800","27,200"),("Stock","22,400","24,200"),("Investments","...","8,000"),("Furniture","7,500","8,000"),("Creditors","14,000","15,200"):} She withdrew Rs. 300 per month for personal expenses. She sold her investments of Rs. 16,000 at 2% premium and introduced that amount into business. You are required to prepare a Statement of Profit of Loss for the year ending 31st March, 2019.

Answer»

SOLUTION :


Discussion

No Comment Found

Related InterviewSolutions