Question

18. Lokesh is a cloth merchant, who has not kept full double entry records. His position
on 1-1-92 and 31-12-92 was as follows:
(Ans: Profit : Rs. 18,350; Closing Capital : Rs. 67,9501
son
nths
y of
O in
993]
200;
257]
1-1-92 31-12-92
Rs.
Rs.
1,520
940
13,900
11,860 (as per bank pass book)
25,200 33,400
9,000 12,640
4,000
4,000
8,620 10,600
8,000
During the year he had withdrawn Rs. 800 per month for his personal expenses and
purchased a new mobike for his business use for Rs. 8,000. A cheque for Rs. 2,000
issued on 29.12.92 was presented for payment on 12-1-93.
Prepare a statement, showing profit for 1992 after (a) providing 10% depreciation on
furniture and 20% depreciation on mobike. (b) writing off Rs. 640 as actual bad debts
and (c) making a 5% provision for doubtful debts.
(Ans : Profit : Rs. 19,600
​

Answer 1

Answer:

while you are sending maths question plz send photo or properly question if you are giving jumbling how we can find answer