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6 Discuss limitations of Computer system. Q31 Devki Nandan keeps incomplete records. The Statement of Affairs of his business as on 1* April 2015 was

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6 Discuss limitations of Computer system. Q31 Devki Nandan keeps incomplete records. The Statement of Affairs of his business as on 1* April 2015 was as follows:- Liabilities Amt(Rs) Assets Amt(Rs) Creditors 10,000 Cash in hand 10.800 Capital 1.40,000 Cash at Bank 3,200 Debtors 34,000 Stock 40,000 Furniture 12,000 Plant & Machinery 50,000 1,50,000 1.50,000 His position at the end of the year was:Cash in hand Rs 11,000 ; Furniture Rs 16,000: Cash at Bank Rs 15,000 Debtors Rs 42,000; Stock Rs 64,000; Plant & Machinery Rs 60,000; and Creditors Rs 36,000. He withdrew during the year Rs 60,000, out of which he spent Rs 36,000 for purchasing a car for the business Calculate his Net Profit for the year after the following adjustments and Prepare a final statement of Affairs as at 31st March 2016: 1)Depreciate furniture and car @20%. 2)5% of the Debtors are doubtful and Rs 1600 are absolutely bad. 3)Make a provision of 5% on Bills receivable also

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