Home
Class 11
ACCOUNTS
Mr. Akshat keeps his books on incomplete...

Mr. Akshat keeps his books on incomplete records following information is given below :

During the year he withdrew Rs 45,000 and introduced Rs 25,000 as further capital in the business compute the profit or loss of the business.

Text Solution

Verified by Experts

The correct Answer is:
Profit : Rs 61,500
Promotional Banner

Topper's Solved these Questions

  • ACCOUNTS FROM INCOMPLETE RECORDS

    NCERT|Exercise Test Your Understanding- I|4 Videos
  • ACCOUNTS FROM INCOMPLETE RECORDS

    NCERT|Exercise Test Your Understanding-II|1 Videos
  • ACCOUNTS FROM INCOMPLETE RECORDS

    NCERT|Exercise Summar with reference to Learning Objectives.|3 Videos
  • APPLICATIONS OF COMPUTERS IN ACCOUNTING

    NCERT|Exercise Questions for Practice(Long Answers)|4 Videos
NCERT-ACCOUNTS FROM INCOMPLETE RECORDS-Numerical questions
  1. Mrs.Anu started firm with a capital of Rs 4,00,000 on 1st October. 201...

    Text Solution

    |

  2. Mr. Arnav does not keep proper records of his business he provided fol...

    Text Solution

    |

  3. Mr. Akshat keeps his books on incomplete records following information...

    Text Solution

    |

  4. Gopal does not keep proper books of account. Following information is ...

    Text Solution

    |

  5. Mr. Muneesh maintains his books of accounts from incomplete records. H...

    Text Solution

    |

  6. Mr. Girdhari Lal does not keep full double entry records. His balance ...

    Text Solution

    |

  7. Mr. Ashok does not keep his books properly. Following information is a...

    Text Solution

    |

  8. Krishna Kulkarni has not kept proper books of accounts prepare the sta...

    Text Solution

    |

  9. M/s Saniya Sports Equipment does not keep proper records. From the fol...

    Text Solution

    |

  10. From the following information calculate the amount to be paid to cred...

    Text Solution

    |

  11. Find out the credit purchases from the following:

    Text Solution

    |

  12. From the following information calculate total purchases.

    Text Solution

    |

  13. The following information is given Calculate credit purchases dur...

    Text Solution

    |

  14. From the following, calculate the amount of bills accepted during the ...

    Text Solution

    |

  15. Find out the amount of bills matured during the year on the basis of i...

    Text Solution

    |

  16. Prepare the bills payable account from the following and find out miss...

    Text Solution

    |

  17. Calculate the amount of bills receivable during the year.

    Text Solution

    |

  18. Calculate the amount of bills receivable dishonoured from the followin...

    Text Solution

    |

  19. From the details given below, find out the credit sales and total sale...

    Text Solution

    |

  20. From the following information, prepare the bills receivable account a...

    Text Solution

    |