Question
Chaitanya keeps her books under single entry system. Her assets and liabilities were as follows. Cash in hand Bills payable Sundry creditors Plant and
Chaitanya keeps her books under single entry system. Her assets and liabilities were as follows. Cash in hand Bills payable Sundry creditors Plant and machinery Sundry Debtors Stock 31-3-2018 31-3-2019. 10,000 9,000 50,000 1,50,000 1,49,000 6,00,000 8,00,000 3,90,000 4,50,000 3,40,000 3,20,000 During the year 2019 he brought additional capital Rs.10,000 and withdrew Rs.10,000 per month for household expenses. Calculate the profit or loss for the year ended 31st March. 2019.
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
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