Question

Hari maintains her books of account on Single Entry System. His books provide the following information:
His drawings during the year were ₹ 5,000 Depreciate furniture by 10% and provide a reserve for Bad and Doubtful Debts at 10% on Sundry Debtors.
Prepare the statement showing the profits for the year.

Answer 1

Answer:

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Explanation:

Hari maintains her books of account on Single Entry System. His books provide the following information:

His drawings during the year were ₹ 5,000 Depreciate furniture by 10% and provide a reserve for Bad and Doubtful Debts at 10% on Sundry Debtors.

Prepare the statement showing the profits for the year