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6 questions · timed · auto-graded

Question 12 Marks
Following information of an accounting year is given: Opening Capital as on 31.03.2017 ₹ 62,000;
Drawings ₹ 5,000 Additional Capital added during the year ₹ 9,000 and Closing Capital as on
31.03.2018 ₹ 50,000
Calculate the Profit or Loss for the year ended 31st March, 2018
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Question 22 Marks
Mr. Manoj keeps his books under Single Entry System and gives the following information:
Capital as on 31.3.2017 ₹ 80,000
Capital as on 31.3.2018 ₹ 1,00,000
Drawings made during the year ₹ 3,000
Additional Capital introduced during the year ₹ 8,000
Calculate Profit or Loss for the year ended 31st March, 2018.
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Question 32 Marks
Find the odd one : Income received in advance, Prepaid Expenses, Outstanding Expenses.
Answer
Prepaid Expenses
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Question 42 Marks
Find the odd one : Bad debts, Reserve for Bad debts, Reserve for a discount on creditors.
Answer
Reserve for a discount on creditors
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do as per instruction - Book Keeping & Accountancy STD 11 Commerce / Arts Questions - Vidyadip