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CBSE - XI Commerce - Accountancy Part II - Accounts from Incomplete Records
Rupesh started a firm on1st April, 2015 with a capital of Rs.10,000. On 1st July 2016 he borrowed from his son Mr. Rohit a sum of Rs. 4000 @ 9% p.a. (interest not yet paid) for business and introduces a further capital of his own amounted to Rs. 1500. On 31st March, 2016 his position was as follows Cash Rs.600, stock Rs.9,400, debtors Rs.7000 and creditors Rs.6000. Ascertain his profit or loss taking into account Rs.2000 for his drawings during the year.
Asked by Topperlearning User
4th July 2016,
8:16 AM
CBSE - XI Commerce - Accountancy Part II - Accounts from Incomplete Records
Justify, whether books maintained by the single entry system is reliable as the books maintained by the double entry system.
Asked by Topperlearning User
4th July 2016,
8:16 AM
CBSE - XI Commerce - Accountancy Part II - Accounts from Incomplete Records
What is Single Entry System?
Asked by Topperlearning User
4th July 2016,
8:16 AM
