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Mr sharad keeps his books as …

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Mr sharad keeps his books as per incomplete records his business position for the year ended 31-3-16 is under :- PARTICULARS 31-03-16 31-03-17 Cash 7000 6500 Motor car 40000 40000 Debtors 31000 42000 Creditors 18000 13000 Bank 6000(CR) 10000 Stock 12000 30000 Mr.sharad withdrew rs 900 per month for domeatic use and brought further capital of rs 12000 during the year.It was decided that- 1.motor car to be depreciated by 10% 2.record outstanding insurance of rs 2000 3.create provision for doughtful debt at 5% Compute profit earned by the firm during the year.
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