Accountancy, asked by roysimpi5, 5 months ago

at
30.6.16
29.) Mr. Ray keeps his books on single entry system. From the details given below relating to his business
prepare a Statement of Profit and Loss for the year ended on 30th June, 2017:
1.7.16
₹
10,700
Cash in hand
22,500
Bank overdraft
27,000
Stock in trade
19,300
Sundry creditors
15,100
Sundry debtors
22,100
Bills receivable
26,500
Land and building
31,000
Bills payable
2,300
Furniture and fittings
Mr. Ray drew 7 4,000 in cash and goods worth * 1,000 during the year and also introduced 32,000 on 1.4 in
Of the debtors, * 900 is not realisable. 15% depreciation is to be provided on fixed assets and 71%
provision is to be created on debtors for doubtful debts.
₹
10,800
20,000
28,400
18,660
14,900
20,400
26,500
29,000
2,300
[WB XI '09 - Adapted
2015 and 2016 feels that Arina.

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