Accounts From Incomplete Records CBSE Questions & Answers

Calculate Drawing from the following informationProfit: Rs.4000, Opening capital-Rs.30000, Closing capital -Rs.35000, fresh capital-Rs.6000

Calculate Fresh capital from the following informationProfit: Rs.2800, Opening capital-Rs.20000, Closing capital -Rs.25000, Withdrawal - Rs.1800

Calculate profit from the following informationOpening capital: Rs.120000, closing capital-Rs.180000, Drawings-Rs.10000, capital added during the year-Rs.20000

Calculate profit from the following informationOpening capital: Rs.36000, closing capital-Rs.54000, Drawings-Rs.3000, capital added during the year-Rs.6000.Calculate profit

Capital in the beginning – Rs.24000, profit made during the year-Rs.4000, drawings- Rs.8000, Capital introduced during the year- Rs.12000.Calculate capital at the end

Capital in the beginning – Rs.16000, profit made during the year-Rs.6000, capital at the end - Rs.26000, Capital introduced during the year- Rs. 8000.Calculate drawings

drawings – Rs.2400, profit made during the year-Rs.4800, capital at the end - Rs.16000, Capital introduced during the year- Rs.4000.Calculate Capital in the beginning

drawings – Rs.8000, loss during the year-Rs.2000, capital at the end - Rs.36000, Capital introduced during the year- Rs.6000.Calculate Capital in the beginning

Calculate the profit or loss from the following data: Withdrawals by the proprietor during the Year Rs.30,000. Capital at the beginning of the year i.e., 1 Jan. 2001 Rs.1, 20,000. Capital at the end of the year i.e., 31 Dec. 2001 Rs.2, 00,000. Capital brought in by the proprietor during the year Rs.50,000

If owner’s equity in the beginning is Rs.21,000. Fresh capital introduced during the year is Rs.7,000. Amount withdrawn during the year is Rs. 13,000, then the closing owner’s equity will be:

Balance of creditors on 1st Jan, 2003 -60,000, Balance of creditors on 31st Dec, 2003 -Rs.48,000 , Cash paid to creditors - Rs.2,40,000, Cheques issued to creditors -Rs.80,000, Returns outwards -Rs.10,000, Discount received from creditors - Rs.7,200, B/P given to creditors -Rs.17,000, B/P dishonored -Rs.4,000, B/R endorsed to creditor - Rs.6,000, B/R endorsed to creditors dishonored - Rs.2,400, Cash purchases -Rs.1,00,000. Find out credit purchases

Balance of creditors on 1st Jan, 2012 -Rs.60,000, Balance of creditors on 31st Dec, 2012 -Rs.48,000 , Cash paid to creditors - Rs.2,40,000, Cheques issued to creditors -Rs.80,000, Returns outwards -Rs.10,000, Discount received from creditors - Rs.7,200, B/P given to creditors -Rs.17,000, B/P dishonored -Rs.4,000, B/R endorsed to creditor - Rs.6,000, B/R endorsed to creditors dishonored - Rs.2,400, Cash purchases -Rs.1,00,000. Find out creditor

Calculate sale for the year from the following informationDebtor Balance as on 1/04/2011 – Rs.50400, Debtor Balance as on 31/03/2012-Rs.49000 and bank – Rs.141400

Calculate creditors balance at the end of the year if purchase for the year is Rs.54306, opening creditors balance is Rs.45500 and bank balance is Rs. 57806

Calculate capital from the following informationFixed assets- Rs.5225, Current assets-Rs.9653 and Current liabilities- Rs.3718