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प्रश्न
Raju does not keep proper books of accounts. Following details are taken from his records.
| Particulars | 1.1.2018 ₹ |
31.12.2018 ₹ |
| Cash at bank | 80,000 | 90,000 |
| Stock of goods | 1,80,000 | 1,40,000 |
| Debtors | 90,000 | 2,00,000 |
| Sundry creditors | 1,30,000 | 1,95,000 |
| Bank Loan | 60,000 | 60,000 |
| Bills payable | 80,000 | 45,000 |
| Plant and machinery | 1,70,000 | 1,70,000 |
During the year he introduced further capital of ₹ 50,000 and withdrew ₹ 2,500 per month from the business for his personal use. Prepare the statement of profit or loss with the above information.
उत्तर
Statement of Affairs
| Liabilities | 1.1.2018 | 31.12.2018 | Assets | 1.1.2018 | 31.12.2018 |
| Sundry creditors | 1,30,000 | 1,95,000 | Cash at bank | 80,000 | 90,000 |
| Bank Loan | 60,000 | 60,000 | Stock of goods | 1,80,000 | 1,40,000 |
| Bills payable | 80,000 | 45,000 | Debtors | 90,000 | 2,00,000 |
| Capital | 2,50,000 | 3,00,000 | Plant and machinery | 1,70,000 | 1,70,000 |
| 5,20,000 | 6,00,000 | 5,20,000 | 6,00,000 |
Statement of Profit or Loss
| Particulars | ₹ |
| Closing capital | 3,00,000 |
| (+) Drawings | 30,000 |
| 3,30,000 | |
| (−) Additional capital | 50,000 |
| Adjusted capital | 2,80,000 |
| (−) Opening capital | 2,50,000 |
| Profit | 30,000 |
APPEARS IN
संबंधित प्रश्न
Which of the following items relating to bills payable is transferred to the total creditors account?
The amount of credit sales can be computed from _____________.
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 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 |
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%.
What is the amount of capital of the proprietor, if his assets are ₹ 85,000 and liabilities are ₹ 21,000?
