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प्रश्न
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 |
उत्तर
Statement of Profit or Loss
Particulars | ₹ |
Closing capital | 8,50,000 |
(+) Drawings | 70,000 |
9,20,000 | |
(−) Additional capital | 1,20,000 |
Adjusted capital | 8,00,000 |
(−) Opening capital | 5,00,000 |
Profit | 3,00,000 |
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संबंधित प्रश्न
Which of the following items relating to bills payable is transferred to the total creditors account?
Opening balance of debtors: ₹ 30,000, cash received: ₹ 1,00,000, credit sales: ₹ 90,000; closing balance of debtors is ______________.
State the procedure for calculating profit or loss through the statement of affairs.
Differentiate between statement of affairs and balance sheet.
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 capital as on 31st December 2018.
Particulars | ₹ |
Capital as on 1st January, 2018 | 1,00,000 |
Goods withdrawn for personal use by the owner | 30,000 |
Additional capital introduced during the year | 15,000 |
Profit for the year | 60,000 |
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 | ? |
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.
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?