(₹) | |||
Cash in hand | 15,000 | ||
Cash at bank | 70,000 | ||
Sundry Debtors | 1,20,000 | ||
Stock | 2,40,000 | ||
Furniture | 75,000 | ||
Machinery | 2,00,000 |
Statement of Affairs
as on March …
|
|||
Liabilities | Amount (Rs) | Assets | Amount (Rs) |
Sundry Creditors | 80,000 | Cash in Hand | 15,000 |
Capital (Balancing Figure) | 6,40,000 | Cash at Bank | 70,000 |
Sundry Debtors | 1,20,000 | ||
Stock | 2,40,000 | ||
Furniture | 75,000 | ||
Machinery | 2,00,000 | ||
7,20,000 | 7,20,000 | ||
Statement of Profit or Loss
for the year ended ….
|
||
Particulars | Amount (Rs) |
|
Capital at the end of the year | 6,40,000 | |
Add: Drawings made during the year | 90,000 | |
Less: Additional capital introduced during the year | 1,50,000 | |
Adjusted capital at the end of the year | 5,80,000 | |
Less: Capital in the beginning of the year | 5,00,000 | |
Profit made during the year | 80,000 | |