PRO FORMA OF STATEMENT OF PROFIT OR LOSS IN SINGLE ENTRY

Single entry system

Statement of Profit or Loss for the year ended __________________

Particulars	Amount	Amount
Capital at the end of the year. Add : Drawings Less: Additional Capital introduced. Adjusted Closing Capital Less: Capital at the beginning of the year. Profit Before Adjustments Add: Incomes & Gains during the year. Interest on Drawings. Undervaluation of Assets. Overvaluation of Liabilities Prepaid Expenses. Outstanding Income. Increase in value of Assets Decrease in value of Liabilities. Less: Expenses & Losses during the year. Interest on Capital Depreciation on Assets Interest on Loan Overvaluation of Assets Undervaluation of Liabilities. Bad Debts Reserve for Doubtful Debts. Salary to Partner Outstanding Expenses. Decrease in value of Assets Increase in value of Liabilities. Net Profit

TEXTUAL PROBLEMS WITH SOLUTIONS AND VIDEO.

1. Mr. Mangesh is dealing in business. He maintains his accounting with single entry.

2. Mrs. Ankita keeps her books under Single Entry System and gives the following information.

3. Miss Kavita commenced her business with a capital of Rs. 1,30,000.

4. Mahendra keeps his books by single entry system.

5. Mr. Suhas a small trader provides you the following details about his business.

6. Mr. Govind keeps his books on single entry system and disclosed the following information of his business.

7. Sun and Moon are partners in a firm sharing profits and losses in the ratio of 3:2.

8. A and B are in Partnership. Their capitals on 1st April 2010 were Rs. 30,000 each.

9. Asha and Usha were partners sharing profits and losses in the ratio of 2:1.

Pro Forma of Statement of Profit or Loss

EXTRA BOARD QUESTION WITH SOLUTION

1. Mrs. Archana keeps her books on single entry system and gives the following information.

2. Rani keeps her books on single entry & following information were available ..

3. On 01/04/06, Mr. Bannerjee commenced business with. capital of Rs. ..

4. The following information is available from Ram’s  records ...

5. Following records of Mr. Raj were kept on single entry system..

6. Mr. Keshav keeps his books on single entry system and disclosed the following information of his business.

7. Mr. Suryakant maintains books on single entry and the following information were available ...

8. Mr. Gopal maintained his books on single entry. The following information conveys...

9. Prem a trader keeps his books by the single entry system ...

10. Mr. Prabhakar is a retail trader. He had no proper records of his transactions in the business...

11. Mr. Ganesh keeps his books by single entry method..and you were given the following information...