2020
. Chinki does not keep her records in systematic manner. She gives you the following:
1/4/2018
Particulars
Stock
31/3/2019
18500
40000
Debtors
Creditors
13000
15000
11000
2000
Bills receivable
4000
3000
2000 (Overdraft Balance)
Building
10000
10000
Cash at bank
4000
You are given the following additional information:
A. A provision of 10% on debtors is required for bad and doubtful debts
B. Depreciate building by 5%.
C. Outstanding salaries Re. 5000
D. Unexpired insurance Re. 500
E. Drawings of Chinki during the year were Re. 7000.
F. Fresh capital introduced was Re. 10,000
Calculate profit made during year ended 31/3/2019 using statement of affairs method.
Answers
Answered by
3
badp re istna bada qus.
shrot qus. tye karo
Answered by
0
Answer:
bro ig this is form a paper or testtttt
Similar questions