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Gopal does not keep proper books of acco...

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


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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The correct Answer is:
Profit : Rs 53,500.
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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.

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Mr. Arnav does not keep proper records of his business he provided following information, you are required to prepare a statement showing the profit or loss for the year. Ascertainment of statement of affairs at the beginning and at the end of the year and calculation of profit or loss.

M/s Saniya Sports Equipment does not keep proper records. From the following information find out profit or loss and also prepare balance sheet for the year ended March 31, 2017 Drawing Rs 10,000 p.m. for personal use, fresh capital introduce during the year Rs 2,00,000. A bad debts of Rs 2,000 and a provision of 5% is to be made on debto Rs outstanding salary Rs 2,400, prepaid insurance Rs 700, depreciation charged on furniture and machine @ 10% p.a.

NCERT-ACCOUNTS FROM INCOMPLETE RECORDS-Numerical questions
  1. Mr. Arnav does not keep proper records of his business he provided fol...

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

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

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

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

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

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

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

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

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  10. Find out the credit purchases from the following:

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  11. From the following information calculate total purchases.

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

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

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

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

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

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

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

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

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  20. Prepare the suitable accounts and find out the missing figure if any.

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