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.

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

Mr. Ashok does not keep his books properly. Following information is available from his books. During the year Mr. Ashok sold his private car for Rs 50,000 and invested this amount into the business. He withdrew from the business Rs 1,500 per month upto October 31, 2016 and thereafter Rs 4,500 per month as drawings. You are required to prepare the statement of profit or loss and statement of affair as on March 31, 2017.

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

Mr. Muneesh maintains his books of accounts from incomplete records. His books provide the information : He withdrew Rs 300 per month for personal expenses. He sold his investment of Rs 16,000 at 2% premium and introduced that amount into business.