Question

ACCOL - - - - - -
12. Ashok keeps incomplete records. The position of his business on 1st April,
2016 was as follows:
auch in Hand 52,200; Cash at Bank 55,400; Stock 325,100; Sundry Debtors
718 700: Furniture 76,000; Sundry Creditors 13,500.
His position on 31st March, 2017 was as follows:
Cash in Hand 1,500; Cash at Bank 78,400; B/R 73.300; Stock 326,000; Sundry
Doktors 324,600; Furniture 18,000; Sundry Creditors 14,200.
During the year he had withdrawn from the business 18,000, of which 9,200
are spent in purchasing a Typewriter for the business.
(a) Depreciate furniture and typewriter by 10%.
(6) Write off 7600 as Bad-Debts.
(c) Make a provision of 5% on Debtors for doubtful debts.
Calculate the profit or loss of his business for the year ended 31st March, 2017 and
prepare a final statement of affairs, after the above adjustments.
Ans. Opening Capital 343,900; Closing Capital 66,800; Net Profit 328,180; Total
of final statement of affairs 377,480.]
Preparation of Total Debtors A/c and Total Creditors A/c
0.13. From the details given below find out the Credit Sales and Total Sales :​

Answer 1

Answer:

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