Question

Yash maintains his account on Single Entry System. Calculate his profit on 31 March, 2019 from the
following information:


particulars 1-4-18 31-3-19
1- cash in hand 6000 2000
2- bank balance 18000 14000
3- furniture 8000 8000
4- stock 4000 12000
5- creditor 16000 12000
6- debtors 12000 16000
his drawings were Rs 4000 and additional capital invested Rs.8000.
1- write off Rs.600 as bad debts.
2- create 5% provision for bad and doubtful debts.
3- change decoration @ 10% on asset.​

Answer 1

HEYA MATE YOUR ANSWER IS

8000 8000

4- stock 4000 12000

5- creditor 16000 12000

6- debtors 12000 16000

his drawings

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