Question

Moly keeps her books on single entry system. From the following particulars,
prepare a statement showing profit or loss made by her for the year ended 31st
March, 2020:
Particulars
31st March, 2019 (F) 31st March, 2020 (F)
Debtors
18,000
20,000
Closing Stock
15,000
18,000
Furniture
6,000
10,000
Cash in hand
5,500
4,000
Creditors
8,000
6,000
Bank overdraft
4,000
During the year, Moly introduced F10,000 as further capital in the business and
withdrew +13,000 during the year
TA​

Answer 1

Answer:

14424+3262-+48448+899+89+204+38957+278&6378-