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Opening balance of debtors: ₹ 30,000, cash received: ₹ 1,00,000, credit sales: ₹ 90,000; closing balance of debtors is ______________. - Accountancy

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प्रश्न

Opening balance of debtors: ₹ 30,000, cash received: ₹ 1,00,000, credit sales: ₹ 90,000; closing balance of debtors is ______________.

विकल्प

  • ₹ 30,000

  • ₹ 1,30,000

  • ₹ 40,000

  • ₹ 20,000

MCQ
रिक्त स्थान भरें

उत्तर

Opening balance of debtors: ₹ 30,000, cash received: ₹ 1,00,000, credit sales: ₹ 90,000; closing balance of debtors is ₹ 20,000.

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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 - Multiple choice questions [पृष्ठ ३१]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
अध्याय 1 Accounts from incomplete records
Multiple choice questions | Q I 10. | पृष्ठ ३१

संबंधित प्रश्न

Opening statement of affairs is usually prepared to find out the ___________.


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


From the following particulars ascertain profit or loss.

Particulars
Capital as on 1st January 2018 2,20,000
Capital as on 31st December 2018 1,80,000
Additional capital introduced during the year 40,000
Drawings made during the year 50,000

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

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.


On 1st April 2018 Subha started her business with a capital of ₹ 1,20,000. She did not maintain a proper book of accounts. Following particulars are available from her books as on 31.3.2019.

Particulars Particulars
Bank overdraft 50,000 Stock-in-trade 1,60,000
Debtors 1,80,000 Creditors 90,000
Bills receivable 70,000 Bills payable 2,40,000
Computer 30,000 Cash in hand 60,000
Machinery 3,00,000    

During the year she withdrew ₹ 30,000 for her personal use. She introduced further capital of ₹ 40,000 during the year. Calculate her profit or loss.


Ananth does not keep his books under double entry system. Find the profit or loss made by him for the year ending 31st March, 2019.

Particulars 31.3.2018
31.3.2019
Cash at Bank 5,000 (Dr.) 60,000 (Cr.)
Cash in hand 3,000 4,500
Stock of goods 35,000 45,000
Sundry Debtors 1,00,000 90,000
Plant and Machinery 80,000 80,000
Land and Buildings 1,40,000 1,40,000
Sundry Creditors 1,70,000 1,30,000

Ananth had withdrawn ₹ 60,000 for his personal use. He had introduced ₹ 17,000 as capital for the expansion of his business. Create a provision of 5% on debtors. Plant and machinery is to be depreciated at 10%.


Which of the following items relating to bills payable is transferred to the total creditors account?


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


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