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Raju does not keep proper books of accounts. Following details are taken from his records. Particulars 1.1.2018₹ 31.12.2018₹ Cash at bank 80,000 90,000 Stock of goods - Accountancy

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प्रश्न

Raju does not keep proper books of accounts. Following details are taken from his records.

Particulars 1.1.2018
31.12.2018
Cash at bank 80,000 90,000
Stock of goods 1,80,000 1,40,000
Debtors 90,000 2,00,000
Sundry creditors 1,30,000 1,95,000
Bank Loan 60,000 60,000
Bills payable 80,000 45,000
Plant and machinery 1,70,000 1,70,000

During the year he introduced further capital of ₹ 50,000 and withdrew ₹ 2,500 per month from the business for his personal use. Prepare the statement of profit or loss with the above information.

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उत्तर

Statement of Affairs

Liabilities 1.1.2018 31.12.2018 Assets 1.1.2018 31.12.2018
Sundry creditors 1,30,000 1,95,000 Cash at bank 80,000 90,000
Bank Loan 60,000 60,000 Stock of goods 1,80,000 1,40,000
Bills payable 80,000 45,000 Debtors 90,000 2,00,000
Capital 2,50,000 3,00,000 Plant and machinery 1,70,000 1,70,000
  5,20,000 6,00,000   5,20,000 6,00,000

Statement of Profit or Loss

Particulars
Closing capital 3,00,000
(+) Drawings 30,000
  3,30,000
(−) Additional capital 50,000
Adjusted capital 2,80,000
(−) Opening capital 2,50,000
Profit 30,000
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अध्याय 1: Accounts from incomplete records - Exercises [पृष्ठ ३३]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
अध्याय 1 Accounts from incomplete records
Exercises | Q IV 8. | पृष्ठ ३३
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