The Total solution for NCERT class 6-12
Rs
Capital at the beginning of the year
70,000
Additional capital introduced during the year
17,500
Stock
59,500
Sundry debtors
25,900
Business premises
8,600
Machinery
2,100
Sundry creditors
33,400
Drawings made during the year
26,400
Statement of Affairs
Liabilities
Amount Rs
Assets
Sundry Creditors
Capital (Balancing figure)
62,700
Sundry Debtors
Business Premises
96,100
Statement of Profit and Loss
Particulars
Amount
Capital at the end of the year
Add: Drawings made during the year
Less: Capital of the beginning of the year
(70,000)
Less: Additional capital introduced during the year
(17,500)
Profit during the year
1,600