Question

.:
Chellappan keeps his books under single entry system. His financial
position on 1st January 2011 and 31st December 2001 were as
under
n
₹
)
S
1st Jan
31st Dec
R ₹
Cash in hand
550
220
Cash at bank
6,600
9,460
Stock
11,000
9,900
Debtors
6,050
7.260
Furnitures
2,200
Sundry Creditors 1,520
21,800
During the vear he had drawn out of the business 12,000. Of this
sum, 5,400 had been spent by him for purchasing a delivery van
for the business.
Ascertain the profit or loss of Chellappan for the year ended
31st December 2001.​

Answer 1

Answer:

Bro the entered date is 31 december so 1 2.