Particulars Trade Creditors Stock Loan From.
191 april, 2017 19 april,. Ascertain his profit or loss for the year ending 319 march, 2018 from the following information: Calculate the net profit for this year and draft the statement of.
1St April, 2018 (₹) 31St March, 2019 (₹) Furniture :
X, a retailer, has not maintained proper books of account but it has been possible to obtain the following details: A retail trader has not kept proper books of accounts. From the details given you are required to ascertain the profit or loss of the year ended march 31, 2019, and also prepare his statements.
From The Details Given, Yor Are Required To Ascertain The Profit Or Loss For The Year Ended 31St March , 2019 And Also To.
As such, a trail balance. A retail trader has not kept proper books of accounts. (section 338) liability where proper accounts not kept (1) where a company is being wound up, if it is shown that proper books of account were not kept by the company.
Section 338 States That :
(1) where a company is being wound up, if it is shown that proper books of account were not kept by the company throughout the period of two years. Business accounting q&a library ayty has not kept proper bookkeeping records, but she has kept notes in a personal note form of her business transactions as at 31 may 2020. A retail trader has not kept proper books of accounts.
However, Some 7 Ledger Extracts Are Available.
I) if it does not keep such books as are. 17.x, a retailer, has not maintained proper books of accent but it has been possible to obtain the following details: Hari maintains his books of account on single entry system.