Page 181 - DEBK-XI(2020)

Accounts from Incomplete Records—Single Entry System 20.9

Solution:
Dr. TOTAL CREDITORS ACCOUNT Cr.
Particulars ` Particulars `
To Cash/Bank A/c 2,10,000 By Balance b/d 90,000
To Discount Received A/c 5,000 By Purchases A/c (Credit Purchases) 2,40,000
To Bills Payable A/c 30,000
To Balance c/d (Balancing Figure) 85,000
3,30,000 3,30,000

Unsolved Questions

1. Calculate the missing value (figure): `
Capital in the beginning 72,000
Profit made during the year 12,000
Drawings 24,000
Capital introduced during the year 36,000
Capital at the end ?
[Capital at the end—` 96,000.]

2. Calculate the missing value (figure): `
Capital in the beginning 80,000
Profits made during the year 30,000
Capital introduced during the year 40,000
Capital at the end 1,30,000
Drawings ?
[Drawings—` 20,000.]
3. Calculate the missing value (figure): `
Profits made during the year 9,600
Capital at the end 32,000
Capital introduced during the year 8,000
Drawings 4,800
Capital in the beginning ?
[Capital in the beginning—` 19,200.]

4. Calculate the missing value (figure): `
Capital at the end 36,000
Capital introduced during the year 6,000
Drawings 8,000
Loss 2,000
Capital in the beginning ?
[Capital in the beginning—` 40,000.]