From the information given below ascertain the profit for the year :
Capital at the beginning of the year = Rs 70,000
Additional capital introduced during the year = 17,500
Stock = 59,500
Sundry debtors = 25,900
Busines premises = 25,900
Machinery = 2,100
Sundry creditors = Rs 33,400
Drawings made during the year = Rs 26,400

From the following information, Calculate Capital at the beginning : Capital at the end of the year = Rs 4,00,000 Drawings made during the year = Rs 60,000 Fresh Capital introduce during the year = Rs 1,00,000 Profit of the current year = Rs 80,000

Ascertainment of profit or loss by statement of affairs method Following information is given below prepare the statement of profit or loss: Capital at the end of the year = Rs 5,00,000 Capital in the beginning of the year = Rs 7,50,000 Accounts from Incomplete Records Drawings made during the period = Rs 3,75,000 Additional Capital introduced = Rs 50,000

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.

A partner introduced additional capital of Rs.30,000 and advanced a loan of Rs.40,000 to the firm at the beginning of the year. Partner will receive year's interest :

From the following information, calculate value of goodwill of the firm by applying Capitalisation Method: Total Capital of the firm Rs. 16,00,000. Normal rate of return 10% . Profit for the year Rs. 2,00,000.