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

Accountancy (11th) Chapter-11 Accounts from Incomplete Records

Gopal does not keep proper books of account. Following information is given below: (3 marks)

	April. 01, 2016		March. 31, 2017
		Rs		Rs
Cash in hand		18,000		12,000
Cash at bank		1,500		2,000
Stock in trade		80,000		90,000
Sundry debtors		36,000		60,000
Sundry creditors		60,000		40,000
Loan		10,000		8,000
Office equipments		25,000		30,000
Land and Building		30,000		20,000
Furniture		10,000		10,000

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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