Subjective Questions on Mr Akshat keeps his books on incomplete records following information is given below ........... for Commerce ( 11 and 12th) Preparation

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

Accountancy (11th) Chapter-11 Accounts from Incomplete Records
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    Mr. Akshat keeps his books on incomplete records following information is given below:     (5 marks)

    April 01, 2016

    March 31, 2017

    Rs

    Rs

    Cash in hand

    1,000

    1,500

    Cash at bank

    15,000

    10,000

    Stock

    1,00,000

    95,000

    Debtors

    42,500

    70,000

    Business premises

    75,000

    1,35,000

    Furniture

    9,000

    7,500

    Creditors

    66,000

    87,000

    Bills payable

    44,000

    58,000
    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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