Accountancy, asked by kumaririplika, 3 months ago

31. Mr. Rohit maintains incomplete records of his business. He wants to know the result
of his business as on 31st March 2018 for that, following information are available: 6
Ist April 2017
31st March 2018
Particulars
₹
30,000
35,000
Cash in hand
Bank balance
1,50.000
1,20,000
Furniture
20,000
20,000
Stock
1,00,000
90,000
Creditors
70,000
80,000
Personal expenses of Mr. Rohit paid from business account amounted to 96,000
and goods worth * 4,000 were withdrawn by him for personal use. He once sold his
investment of 30,000 at 3% premium and brought that money into the business.
Calculate his profit or loss for the year ending 31st March 2018.

Answers

Answered by SmitaMissinnocent

Answer:

e2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)

e2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C

e2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C(2) Wages A/C

e2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C(2) Wages A/C(3) Loan A/C

e2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C(2) Wages A/C(3) Loan A/C(4) Debtors A/C

e2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C(2) Wages A/C(3) Loan A/C(4) Debtors A/C(5) Creditors A/C

e2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C(2) Wages A/C(3) Loan A/C(4) Debtors A/C(5) Creditors A/C(6) Furniture A/C

e2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C(2) Wages A/C(3) Loan A/C(4) Debtors A/C(5) Creditors A/C(6) Furniture A/C(7) Bills Receivable A/C (8) Meena's Capital A/c (9) Drawing A/C

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