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