Tag: accounts from incomplete records

Questions Related to accounts from incomplete records

Find the total at assets at the beginning of the year if the net profit, drawing during the year and Assets at the end of the year were 12,000, 7000 and 25,000 respectively.

elements of accounts accounts from incomplete records stakeholders and their information requirements ascertainment of profit and loss calculation of profit or loss under single entry system of accounting and statement of affairs accounts from incomplete records - single entry system

  1. 15,000

  2. 10,000

  3. 20,000

  4. 8,000

Show answer
Correct Option: C