Question

27. Ashutosh maintains his accounts on Single Entry System. Calculate his
profits on 31st March 2019 from the following information
Particulars
1 April 2018 1 1 April 2019
Cash
3,000
1.000
Bank
9,000
7,000
Furniture
4,000
4,000
Stock
2,000
6,000
Creditors
8,000
6,000
Debtors
6,000
8,000
Additional Information:
During the year his drawings were Rs 2,000 and additional
capital invested Rs 4,000.​

Answer 1

Answer: profit on 31st March 2019 is Rs.1000

Explanation: Please mark as me brainly