the information : Jan. , Dec. , , , — , , , , , Investment — , , , He withdrew Rs. per month for personal expenses.
He sold his investment of Rs. , at % premium and introduced that amount into business. [ Ans : Profit : Rs. , ].
. Mr. Girdhari Lal does not keep full double entry records. His balance as on January , is as.
Liabilities Assets Sundry creditors , Cash in hand Bills payable , Cash at bank Capital Sundry debtors , , Plant , , , His position at the end of the year is : Cash in hand , , , , Plant , Bills payable , , He withdrew Rs. per month out of which to spent Rs. , for business purpose. Prepare the statement of profit or loss.
[ Ans : Profit : Rs. , ]. . Mr.
Ashok does not keep his books properly. Following information is available from his books. Jan. , Dec.
, Sundry creditors , , Loan from wife , , Sundry debtors , — Land and Building , , Cash in hand , , Bank overdraft — , , , During the year Mr. Ashok sold his private car for Rs. , and invested this amount into the business. He withdrew from the business Rs.
, per month upto July , and thereafter Rs. , per month as drawings. You are required to prepare the statement of profit or loss and statement of affair as on December , . [ Ans : Loss : Rs.
, ]. . Krishna Kulkarni has not kept proper books of accounts prepare the statement of profit or loss for the year ending December , from the following information: Jan. , Dec.
, (Rs.) (Rs.) Cash in hand , , , Bills payable , , Car — , Investment Bank balance , , , The following adjustments were made : (a) Krishna withdrew cash Rs. , per month for private use. (b) Depreciation @ % on car and furniture @ % .