Question

Question 16.
From the following information relating to the business of Mr. X who keeps books on Single Entry System, ascertaint the profit or loss for the year 2017-18:

Mr. X withdrew ₹ 4,100 during the year to meet his household expenses. He introduced ₹ 300 as fresh capital on 15th January, 2018. Machinery and Furniture are to be depreciated at 10% and 5% p.a. respectively.

Answer 1

The profit made during the year amounts to Rs 4,900

Explanation:

The answer are stated below:

You can learn more from here about Profit and Loss:

brainly.in/question/15455839

You can learn more from here about Profit and Loss:

brainly.in/question/5232425