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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 - Accountancy

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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
खातेवही

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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Ascertaining Profit Or Loss from Incomplete Records Through Statement of Affairs
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 1: Accounts from incomplete records - Exercises [पृष्ठ ३१]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
पाठ 1 Accounts from incomplete records
Exercises | Q IV 1. | पृष्ठ ३१

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Goods withdrawn for personal use by the owner 30,000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?


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