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WHAT WILL THE EFFECT OF CHARITY …

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WHAT WILL THE EFFECT OF CHARITY IN TRADING A/C AND PROFIT AND LOSS A/C?

Posted by Ayan Basak 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Govin Bhattarai 6 years, 8 months ago

CHARITY WRITTEN OFF FROM PURCHASE BECAUSE OUR PURCHASE DECREASE AND ALSO SHOW ON PROFIT AND LOSS ACCOUNT TREAT AS EXPENSES

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Kuldeep, general merchant, keeps his accounts on that informatio the results of his business on alat March, 2023 and for that following information is ava 1st April, 2022 (1) 1,50,000 31st March, 2023 1,75,000 Cash in Hand 7,50,000 Bank Balance Furniture Stock 6,50,000 Creditors 3,50,000 Debtors 2.50,000 3,00.005 During the your, he had withdrawn ₹5,00,000 for his personal use and as additional capital. Calculate his profits on 31st March, 2023 and Stateme of Affairs as on that date. invested ₹25000円 (Profit - 74 ,75,000)

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