Shruti maintains her books of account from Incomplete Records. Her books provide the following information: |{:(,,"1st April, 2015(Rs)","31st March,2016(Rs)"),("Cash ",..................................................................,"1,200","1,600"),("Bills Receivable",..................................................................,"...","2,400"),("Debtors",..................................................................,"16,800","27,200"),("Stock",..................................................................,"22,400","24,400"),("Investments",..................................................................,"...","8,000"),("Furniture",..................................................................,"7,500","8,000"),("Creditors",..................................................................,"14,900","11600"):}| She withdrew Rs. 500 per month for personal expenses. She sold her Investments of Rs. 16,000 at 5% premium and introduced the amount into business. You are required to prepare a Statement of Profit of Loss for the year ending 31st March, 2016.

Shruti maintains her books of account from Incomplete Records. Her boo

1.	Shruti maintains her books of account from Incomplete Records. Her books provide the following information: \|{:(,,"1st April, 2015(Rs)","31st March,2016(Rs)"),("Cash ",..................................................................,"1,200","1,600"),("Bills Receivable",..................................................................,"...","2,400"),("Debtors",..................................................................,"16,800","27,200"),("Stock",..................................................................,"22,400","24,400"),("Investments",..................................................................,"...","8,000"),("Furniture",..................................................................,"7,500","8,000"),("Creditors",..................................................................,"14,900","11600"):}\| She withdrew Rs. 500 per month for personal expenses. She sold her Investments of Rs. 16,000 at 5% premium and introduced the amount into business. You are required to prepare a Statement of Profit of Loss for the year ending 31st March, 2016.
Answer» <html><body><p><br/></p>Answer :Capital as at 1st April, <a href="https://interviewquestions.tuteehub.com/tag/2015-291056" style="font-weight:bold;" target="_blank" title="Click to know more about 2015">2015</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>. 33,000; Capital as at 31st <a href="https://interviewquestions.tuteehub.com/tag/march-554922" style="font-weight:bold;" target="_blank" title="Click to know more about MARCH">MARCH</a>, <a href="https://interviewquestions.tuteehub.com/tag/2016-291244" style="font-weight:bold;" target="_blank" title="Click to know more about 2016">2016</a>- Rs. 60,000; <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> - Rs. 16,200.</body></html>

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