Question

. A retail trades has not kept proper books of account from the following particulars ascertain the profit or loss far the year ended 31.03.2017 and a balance sheet as at that date:
1 April 2016 31st March 2017
Stock in trade 16,700 18,500
Sunday Creditors 15,400 14,000
Sunday Debtors 11,200 10,500
Cash in hand 250 1,200
Bank over draft 20,200 19,400
Bill Receivable 15,500 14,200
Fixture and fittings 1,500 1,500
Motor Van 1,900 1,900

The Drawing During theyear Rs. 2,600Depreciate fixtures and fitting by 10% and write off 300 from motor van. As regardsdebtors it is ascertained that Rs. 500 is irrecoverable and further provision 5% should be made on debtors and Rs. 700 in respect of bill receivable.​

Answer 1

Answer:

A retail trades has not kept proper books of account from the following particulars ascertain the profit or loss far the year ended 31.03.2017 and a balance sheet as at that date: 1 April 2016 31st March 2017. Stock in trade 16,700 18,500. Sunday Creditors 15,400 14,000. Sunday Debtors 11,200 10,500.