4 Mr. Bunny keeps his books on Single entry system and the following nformation is available for the year ending 30th June 2020. Particulars As on 1-7-2019 (Rs) As on 30-6-2020 (Rs). eb. 2,000 400 NIL Investments Furniture Stock 400 5,600 6,100 Debtors Cash in hand Creditors Bills Payable 5 4,200 300 3,500 NIL OS. 6,800 400 3,800 A ed 600 1,000 Loan NIL He has drawn Rs.1,000 during the year for personal needs. Prepare a statement showing his profit for the year ending 30th June, 2016 after writing off 10% depreciation on furniture and making a provision for had debts of 10% on dehtors
4 Mr. Bunny keeps his books on Single entry system and the following nformation is available for the year ending 30th June 2020. Particulars As on 1-7-2019 (Rs) As on 30-6-2020 (Rs). eb. 2,000 400 NIL Investments Furniture Stock 400 5,600 6,100 Debtors Cash in hand Creditors Bills Payable 5 4,200 300 3,500 NIL OS. 6,800 400 3,800 A ed 600 1,000 Loan NIL He has drawn Rs.1,000 during the year for personal needs. Prepare a statement showing his profit for the year ending 30th June, 2016 after writing off 10% depreciation on furniture and making a provision for had debts of 10% on dehtors
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 11EA: Use information from EA10. Compute the interest expense due when Barkers honors the note. Show the...
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