Accountancy, asked by proptola, 1 month ago

Issued cheques of ₹20,000 for rent of office
building and ₹30,000 for proprietor’s residence.

post in journal

Answers

Answered by sarves1093
0

Answer:

Question : Gopal does not keep proper records in the books of account. Following information is given below.

Items Jan 1, 2005 Dec 31, 2005

Cash in hand 18,000 12,000

Cash at bank 1,500 2,000

Stock in trade 80,000 90,000

Sundry Debtors 36,000 60,000

Sundry Creditors 60,000 40,000

Loan 10,000 8,000

Office equipments 25,000 30,000

Land and Buildings 30,000 20,000

Furniture 10,000 10,000

During the year he introduced Rs 20,000 and withdrew Rs 12,000 from the business. Prepare the statement of profit or loss on the basis of given information.

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