Question

Rohan, a trader does not keep proper books of accounts. However, he furnishes the following particulars:

Particulars 31.3.2019 (Rs.) 31.3.2020 (Rs.)

Cash at bank

Cash at Hand

Stock in Trade

Sundry Debtors

Equipments

Sundry Creditors

Furniture

3,000

200

60,000

10,000

8,000

15,000

10,000

6,500

5,000

68,000

25,000

8,000

10,000

10,000

During the year, Rohan introduced Rs. 3,000 as further capital and withdrew Rs. 5,000 as drawings.

Write off depreciation on Furniture at 10% p.a. and on Equipments at 5%p.a.

Prepare a Statement showing the Profit or Loss made by him for the year ended 31.3.2020.​

Answer 1

Answer:

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Answer 2

Answer:

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