Question

4. Ashoka Electronics does not keep proper records. From the following
cuonics does not keep proper records. From the following information find out profit
March 31, 2016
Rs
24,000
Cash in hand
Bank Overdraft
Stock
Sundry Creditors
Sundry Debtors
Bill Payable
Furniture
Bill Receivable
Machinery
Investments
March 31, 2015
Rs
6,000
30,000
50.000
26.000
60.000
6,000
40,000
8.000
50,000
30,000
80,000
40,000
1,40,000
12,000
60,000
28,000
1,00,000
80,000
Drawing Rs10,000 p.m for personal use; Fresh Capital introduced during the year Rs 2,00.000. A Bad
debts of Rs 2,000 and a provision of 5% is to be made on debtors. O/s Salary Rs2,400, Prepaid Insurance
Rs 700. Depreciation Charged on furniture and Machine @ 10% p.a.
1-
11-​

Answer 1

Explanation:

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