Mr. Ravi Kumar keeps his books on single entry. His position on 31st December, 2019 was as follows: Cash at bank Rs. 3,000; Stock Rs. 20,000; Debtors Rs. 30,000; Machinery Rs. 50,000 and Creditors Rs. 25,000. His position on 31st December. 2020 was as follows: Cash at Bank Rs. 4,000; Stock Rs. 25,000; Debtors Rs. 45,000; Machinery Rs. 50,000 and Creditors Rs. 25,000 During the year he introduced Rs. 10,000 as further capital and withdrew from business Rs. 3,000 per month From the above information ascertai

Mr. Ravi Kumar keeps his books on single entry. His position on 31st December, 2019 was as follows: Cash at bank Rs. 3,000; Stock Rs. 20,000; Debtors Rs. 30,000; Machinery Rs. 50,000 and Creditors Rs. 25,000. His position on 31st December. 2020 was as follows: Cash at Bank Rs. 4,000; Stock Rs. 25,000; Debtors Rs. 45,000; Machinery Rs. 50,000 and Creditors Rs. 25,000 During the year he introduced Rs. 10,000 as further capital and withdrew from business Rs. 3,000 per month From the above information ascertai

Name: Mr. Ravi Kumar keeps his books on single entry. His position on 31st D
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Description: Mr. Ravi Kumar keeps his books on single entry. His position on 31st December, 2019 was as follows:Cash at bank Rs. 3,000; Stock Rs. 20,000; Debtors Rs. 30,000; Machinery Rs. 50,000 and Creditors Rs. 25,000.His position on 31st December. 2020 was as

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter4: Gross Income: Concepts And Inclusions

Section: Chapter Questions

Problem 6DQ

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