Sagheer is not writing his books properly. From the following informátión prepare a statement showing profit or loss and statement of affairs for the year ending 30th June, 1991. 1.7.1990 30.6.1991 Cash in hand 900 2800 Debtors 22800 21400 28400 Creditors Stock 31200 33400 37400 Bills receivable 30500 28800 Bank overdraft 40800 39200 Motor van 4200 4200 Furniture 3400 3400 Drawings Rs. 4800; Depreciate furniture at 10 %. Write off Rs. 800 on motor van. Providė Rs. 1000 as bad debts and 5 % as reserve on debtors. Provide reserve of Rs. 1600 on Bills
Sagheer is not writing his books properly. From the following informátión prepare a statement showing profit or loss and statement of affairs for the year ending 30th June, 1991. 1.7.1990 30.6.1991 Cash in hand 900 2800 Debtors 22800 21400 28400 Creditors Stock 31200 33400 37400 Bills receivable 30500 28800 Bank overdraft 40800 39200 Motor van 4200 4200 Furniture 3400 3400 Drawings Rs. 4800; Depreciate furniture at 10 %. Write off Rs. 800 on motor van. Providė Rs. 1000 as bad debts and 5 % as reserve on debtors. Provide reserve of Rs. 1600 on Bills
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter8: Property Transactions: Capital Gains And Losses, Section 1231 And Recapture Provisions
Section: Chapter Questions
Problem 34P
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