Question

Q. 24. Ravi, who keeps his books on Single Entry System, had his capital on 31st
March, 2016 20,000 and on 1st April, 2015 was 16,700. He further informs that
during the year, he withdrew for his personal expenses 9,400. He also sold his
personal investment of 10,000 at 15% premium and brought that money into the
business.
Prepare a statement of Profit or Loss.
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Answer 1

Answer:

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