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From the following details, calculate the missing figure. Particulars ₹ Closing capital as on 31.3.2018 80,000 Additional capital introduced during the year 30,000 - Accountancy

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प्रश्न

From the following details, calculate the missing figure.

Particulars
Closing capital as on 31.3.2018 80,000
Additional capital introduced during the year 30,000
Drawings during the year 15,000
Opening capital on 01.4.2017 ?
Loss for the year ending 31.3.2018 25,000
खाता बही

उत्तर

Statement of Profit or Loss

Particulars
Closing capital 80,000
(+) Drawings 15,000
  95,000
(−) Additional capital 30,000
Adjusted capital 65,000
(−) Opening capital 90,000
Loss 25,000
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Ascertaining Profit Or Loss from Incomplete Records Through Statement of Affairs
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Accounts from incomplete records - Exercises [पृष्ठ ३२]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
अध्याय 1 Accounts from incomplete records
Exercises | Q IV 3. | पृष्ठ ३२

संबंधित प्रश्न

The amount of credit sales can be computed from _____________.


What is the amount of capital of the proprietor, if his assets are ₹ 85,000 and liabilities are ₹ 21,000?


When capital in the beginning is ₹ 10,000, drawings during the year is ₹ 6,000, profit made during the year is ₹ 2,000 and the additional capital introduced is ₹ 3,000, find out the amount of capital at the end.


State the accounts generally maintained by small sized sole trader when a double-entry accounting system is not followed.


What is a statement of affairs?


State the procedure for calculating profit or loss through the statement of affairs.


From the following particulars ascertain profit or loss:

Particulars
Capital at the beginning of the year (1st April, 2018) 5,00,000
Capital at the end of the year (31st March, 2019) 8,50,000
Additional capital introduced during the year 1,20,000
Drawings during the year 70,000

From the following details, calculate the missing figure:

Particulars
Capital as on 1st April, 2018 40,000
Capital as on 31st March, 2019 50,000
Additional capital introduced during the year 7,000
Profit for the year 8,000
Drawings during the year ?

Following are the balances in the books of Thomas as on 31st March 2019.

Particulars Particulars
Sundry creditors 6,00,000 Bills payable 1,20,000
Furniture 80,000 Cash in hand 20,000
Land and building 3,00,000 Bills receivable 60,000
Sundry Debtors 3,20,000 Stock 2,20,000

Prepare a statement of affairs as on 31st March 2019 and calculate capital as at that date.


What is the amount of capital of the proprietor, if his assets are ₹ 85,000 and liabilities are ₹ 21,000?


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