accounts from i...

Rohit who keeps his books on single entry system, has business capital at the end is Rs.187000 and in the beginning Rs.192000. He withdrew Rs. 84200. He once sold his investment of Rs.20000 at 2% premium and brought that money into the business. Calculate net profit for the year.

Calculate net profit from the following information- Gross profit is Rs.2750.If debtor closing balance is Rs.3400 and provision for reserve of doubtful debts at 10% on sundry debtors, depreciation is Rs.20

Bill Receivable Account is prepared to know:

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:

Calculate Fresh capital from the following information:

Profit: Rs.2800, Opening capital - Rs.20000, Closing capital - Rs.25000, Withdrawal - Rs.1800

Pawan started his business on 1st January 2008 with a capital of Rs.10000. On 31st December his assets were cash- Rs.320, stock- Rs.3480, Debtors- Rs.3100, plant- Rs.8500.

He owed Rs.1200 to creditors and Rs.1000 to his brother on that date. He withdrew Rs.200 per month for his private expenses. Calculate capital:

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 year Rs.1, 00,000, Profit of the current year Rs.1,00,000, Capital at the beginning of the year:

Income tax paid by business on behalf of owner is treated as _________.

In single entry system of accounting:

Pawan started his business on 1st January 2012 with a capital of Rs.10000. On 31st December his assets were cash- Rs.320, stock- Rs.3480, Debtors -Rs.3100, plant- Rs.8500.

He owed Rs.1200 to creditors and Rs.1000 to his brother on that date. He withdrew Rs.200 per month for his private expenses. Ascertain his profit: