Question

Answer:
IELTIUNI
On 1st January 2006 the position of a retail merchant, who has not kept fall
double entry stood, as follows:
Cash in hand Rs. 3,450, cash at bank Rs. 55,370, Stock Rs. 56,900, Sundry
debtors Rs. 32,750, Furniture Rs. 2,100, and Sundry creditors Rs. 34,570
His position at the end of 2006 was a found to be as follows:
Cash in hand Rs. 4,500, cash at bank Rs. 24,300, Stock Rs. 46,800, Sundry
debtors Rs. 46,200 Furniture Rs. 2,500, and Sundry creditors Rs. 43,500
During the year he had with drawn from the business Rs. 65,000 of which Rs.
56,000 was spent in purchasing a car for the business.
Required: Prepare the statement showing his trading for the year ended 31st
Decernber, 2006.
Answer: Net Profit Rs. 29,800​

Answer 1

sorry I didn't no answer