Question

Rakesh keeps his books on single entry system, the following figures were available on 30th june 2008. debtors rs. 15000,cash in hand rs. 624, stock in trade rs. 8000 furniture rs. 2400, trade creditors rs. 3000, bank overdraft rs600, he had started business on 1st july 2007 with rs. 11000, during the year his drawings were rs. 6000, prepare a statement, showing a profit for the year, after writing off 10% for depreciation on furniture.

Answer 1

Answer:

I don't know the answer do you want the answer l have different questions like this