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Assets and liabilities as on 1/7/11 …

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Assets and liabilities as on 1/7/11 Stock 16700 , creditors 15400 debtors 11 200 cash 250 bank overdraft 20200 furniture 1500 and motor Van 1900 Assets and liabilities as on 30/6/12 stock 18500 creditors 14000 debtors 10500 cash 1200 bank overdraft 19200 furniture 1500 motor van 1900 Drawings during the year 2600 depreciate furniture by 10% write off 300 from motor van as regards Debtors it is ascertained that 500 is irrecoverable and further reserve of 5% should be made also reserve rupees 700 in respect of bills receivable calculate profit or loss

Posted by Ritikksha Verma 6 years ago

CBSE > Class 11 > Accountancy

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