(₹) | |||
Owner's Equity at the beginning of the year | 15,00,000 | ||
Bills Receivable | 60,000 | ||
Cash in hand | 80,000 | ||
Furniture | 9,00,000 | ||
Building | 10,00,000 | ||
Creditors | 6,00,000 | ||
Stock in trade | 2,00,000 | ||
Further capital introduced | 3,20,000 | ||
Drawings made during the period | 80,000 |
Statement of Affairs
as on March …
|
|||
Liabilities | Amount (Rs) | Assets | Amount (Rs) |
Creditors | 6,00,000 | Cash in Hand | 80,000 |
Capital (Balancing Figure) | 16,40,000 | Furniture | 9,00,000 |
Stock in trade | 2,00,000 | ||
Building | 10,00,000 | ||
Bills Receivable | 60,000 | ||
22,40,000 | 22,40,000 | ||
Statement of Profit or Loss
for the year ended ….
|
||
Particulars | Amount (Rs) |
|
Capital at the end of the year | 16,40,000 | |
Add: Drawings made during the year | 80,000 | |
Less: Additional capital introduced during the year | 3,20,000 | |
Adjusted capital at the end of the year | 14,00,000 | |
Less: Capital in the beginning of the year | 15,00,000 | |
Loss incurred during the year | 1,00,000 | |