Question

27.Ashutosh maintains his accounts on Single Entry System. Calculate
his profits on 31st March 2019 from the following information:
Particulars
Cash
Bank
Furniture
1 April 2018
3,000
9,000
4,000
2,000
8,000
6,000
1 April 2019
1,000
7,000
4,000
6,000
6,000
8,000
Stock
Creditors
Debtors
Additional Information:
During the year his drawings were Rs 2,000 and additional capital
invested Rs4,000.
51
n
no​

Answer 1

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