Question

1] Mallikaqun, a ratailar started his business on 01-04-2010 váth Capital
of Rs 45 000. On 01-07-2016, he invested Rs. 15,000 as Additional
Capital. He used Rs. 18,000 for his personal use on 21-10-2016
His financial position as on 31-03-2017 was as under
Particularg
Stock of goods
26,000
Sundri Dostors
16.000
Furniture
6,000
6.000
Cash in hand
Bilts Receivable
Plant and Machines
20.000
Sundr Creditors
16 000
Loan from wille
6 001
Adjustments:-
a Dereciate Furniture by Rs. 600
bu Allow Interest on Capital al 596 p. a.
c Rent Prepaid Rs.1,000
d) Charge Interest on drawings al 696 p.a.
Prepaис - 1) Stalen entor Profit or Loss
2) Revised Statement of A Tairs as on 31-03-2017:
Ans: Clo in Capital Rs.67,200 Gros Profit: Rs. 15,200 Net
Profit R-. 13,327 Rovired statement of afTair tot z Rs. 79,600]​

Answer 1

Answer:

statement of affairs account

Answer 2

Answer:

mallikarjun, a retailer started his business on 1/4/16 with capital of rs 45000 on 1/7/16 he invested rs 15,000 as additional capital he used rs 18000 for his personal use on 1/10/16 his financial position as on 31/3/17 was under so prepare statement of profit and loss and revised statement of affairs as on 31/3/17