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Calculate net profit as on 31st March 2012, if gross profit is Rs.3950, provision for doubtful debt is Rs.320 and owner borrowed from a friend at 9% a sum of Rs.2000 on 1st October 2011.

Mr. Mehta started his readymade garments business on April 1, 2004 with a capital of Rs.50,000. He did not maintain his books according to double entry system. During the year he introduced fresh capital of Rs.15,000. He withdrew Rs.10,000 for personal use. On March 31, 2005, his assets and liabilities were as follows: Total creditors Rs.90,000 ; Total debtors Rs.1,25,600 ; Stock Rs.24,750 ; Cash at bank Rs.24,980. Calculate profit or loss

Mr. Mehta started his readymade garments business on April 1, 2004 with a capital of Rs.50,000. He did not maintain his books according to double entry system. During the year he introduced fresh capital of Rs.15,000. He withdrew Rs.10,000 for personal use. On March 31, 2005, his assets and liabilities were as follows: Total creditors Rs.90,000 ; Total debtors Rs.1,25,600 ; Stock Rs.24,750 ; Cash at bank Rs.24,980. Calculate capital at the end

Information is obtained from the books of Mohanlal Traders: Debtors on April 01, Rs.2005 50,000, Debtors on March 31, 2005 Rs.70,000, Cash received from debtors Rs.60,000, Discount allowed Rs.1,000, Bills receivable Rs.30,000, Bad debts Rs.3,000. Calculate total sale

From the following information, Calculate Capital at the beginning :
Capital at the end of the year Rs.4, 00,000, Drawings made during the year Rs.60,000, Fresh Capital introduce during the yearRs.1, 00,000, Profit of the current year Rs.1,00,000, Capital at the beginning of the year:

As both aspects of transactions are not recorded so it is :

Credit sales can be computed by preparing :

Credit purchase can be calculated by preparing:

Bill Receivable Account is prepared to know:

Opening statement of affairs is prepared to know :