Ms. Vidhi runs a small bakery business. She was not maintaining her accounts on the double entry system. On 1st April, 2019, she had started the business with a capital of Rs. 7,80,000. On 31st March, 2020, her incomplele records provide the following data ) Amount due to suppliers of raw materials Rs. 1,75,000. (i) Stock of raw materials Rs. 20,000 and finished products Rs. 25,000. (ii) Fixed assels Rs. 3,40,000. Giv) Amount due from customers Rs. 4,20,000.(v) She had withdrawn Rs. 25,000 per month for meeting her personal expenses. (vi) She had introduced Rs. 70,000 as capital during the year. (vi) She has cash at bank Rs. 2,10,000 and cash in hand Rs. 18,000.(vii) Outstanding electricity bill Rs. 22,500. Calculate the profit/loss of her business during the year using statement of affairs method.
Answers
Answered by
0
Answer:
the (and any subsequent words) was ignored because we limit queries to 32 words.
Explanation:
I hope it's helpful
Similar questions