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  • CBSE×
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  • Preparation Of Financial Statements Without Adjustments×
Home /Doubts and Solutions/CBSE/Class 11 Commerce/Accountancy Part Ii/Financial Statements I/Preparation Of Financial Statements Without Adjustments

Preparation Of Financial Statements Without Adjustments Free Doubts and Solutions

CBSE - XI Commerce - Accountancy Part II - Financial Statements I

Calculate closing stock from the following :   Rs.  Sales 40,000 Purchases 24,600 Returns Inwards 1,000 Returns outwards  2,000 Carriage Inwards 800 Gross profit 16,000   Is it correct that debit balance in the profit and loss account is profit?

Asked by Topperlearning User 1st July 2016, 3:14 PM
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CBSE - XI Commerce - Accountancy Part II - Financial Statements I

From the following information, find out profit: Capital at the end of the year Rs.5,00,000 Capital in the beginning of the year Rs.7,50,000 Drawings made during the period Rs.3,75,000 Additional capital introduced Rs.50,000

Asked by Topperlearning User 1st July 2016, 3:14 PM
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