Updated 11th Standard CBSE Accountancy Study Materials 2022-2023 Exams

CBSE 11th Accountancy - Accounts from Incomplete Records Four and Six Marks Questions Anjali Sareen - Chandigarh Oct-08 , 2019

Accounts from Incomplete Records

Accounts from Incomplete Records Four and Six Marks Questions

11th Standard CBSE

Accountancy

Time : 01:00:00 Hrs

Total Marks : 50

What are the practical difficulties that are encountered by a trader due to incompleteness of accounting records?

From the following information given below, calculate the dosing capital:

	Jan.01,2013	Dec.31,2013
Creditors	5,000	30,000
Bills Payable	10,000	----
Loan	----	50,000
Bills receivable	30,000	50,000
Stock	5,000	30,000
Cash	2,000	20,000

Calculation of profit or loss and ascertainment of statement of affairs at the end of the year (Opening Balance is given).

Shyamlal keeps his book under Single Entry System. His assets and liabilities were as under:

Particulars	31^stMarch 2014 (Rs)	31^stMarch 2015 (Rs)
Cash-in-hand	30,000	10,800
Sundry Debtors	60,000	80,000
Stock	20,000	60,000
Furniture	40,000	40,000
Sundry Creditors	80,000	80,000
Bank Balance	90,000	70,000

During 2014-15,he introduced Rs 40,000 as new capital. He withdrew Rs 5,000 every quarter for his household expenses. Ascertain his profit for the year ended 31stMarch, 2015

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