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Read the following hypothetical case study and answer the question that follows:Mr. Nahin Ahmed keeps his book on Single Entry. From the following information given by him, ascertain his profit or loss for the year ending 31st March 2019 and prepare the final statement affairs.His position on 1st April 2018 were as follows: Plant and Machinery ₹30,000; Stock ₹5,000; Cash in hand ₹100; Debtors ₹17,000; Loan from Mr. Bishal Podiyal ₹1,000 at 4% p.a. interest; Bank Overdraft ₹1,100 and Creditors ₹12,120.On 31st March 2019, he owed his creditors ₹9,170 and had paid Mr. Bishal ₹500 in lieu of his loan on 1st October 2018 and paid no interest. He had bought additional Plant and Machinery @ ₹13,000. Debtors were ₹23,000 out of which ₹900 would not be able to connect. The Cash and Bank Balance was ₹4,100. Stock at the end was valued at ₹4,500.Mr. Ahmed withdrew ₹8,300 for domestic purposes. He introduced a further capital of ₹10,000 during this year.Q. The total amount of Plant and Machinery to be put in the Final Statement of Affairs is _________.a)₹30,000b)₹43,000c)₹13,000d)₹56,000Correct answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the following hypothetical case study and answer the question that follows:Mr. Nahin Ahmed keeps his book on Single Entry. From the following information given by him, ascertain his profit or loss for the year ending 31st March 2019 and prepare the final statement affairs.His position on 1st April 2018 were as follows: Plant and Machinery ₹30,000; Stock ₹5,000; Cash in hand ₹100; Debtors ₹17,000; Loan from Mr. Bishal Podiyal ₹1,000 at 4% p.a. interest; Bank Overdraft ₹1,100 and Creditors ₹12,120.On 31st March 2019, he owed his creditors ₹9,170 and had paid Mr. Bishal ₹500 in lieu of his loan on 1st October 2018 and paid no interest. He had bought additional Plant and Machinery @ ₹13,000. Debtors were ₹23,000 out of which ₹900 would not be able to connect. The Cash and Bank Balance was ₹4,100. Stock at the end was valued at ₹4,500.Mr. Ahmed withdrew ₹8,300 for domestic purposes. He introduced a further capital of ₹10,000 during this year.Q. The total amount of Plant and Machinery to be put in the Final Statement of Affairs is _________.a)₹30,000b)₹43,000c)₹13,000d)₹56,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following hypothetical case study and answer the question that follows:Mr. Nahin Ahmed keeps his book on Single Entry. From the following information given by him, ascertain his profit or loss for the year ending 31st March 2019 and prepare the final statement affairs.His position on 1st April 2018 were as follows: Plant and Machinery ₹30,000; Stock ₹5,000; Cash in hand ₹100; Debtors ₹17,000; Loan from Mr. Bishal Podiyal ₹1,000 at 4% p.a. interest; Bank Overdraft ₹1,100 and Creditors ₹12,120.On 31st March 2019, he owed his creditors ₹9,170 and had paid Mr. Bishal ₹500 in lieu of his loan on 1st October 2018 and paid no interest. He had bought additional Plant and Machinery @ ₹13,000. Debtors were ₹23,000 out of which ₹900 would not be able to connect. The Cash and Bank Balance was ₹4,100. Stock at the end was valued at ₹4,500.Mr. Ahmed withdrew ₹8,300 for domestic purposes. He introduced a further capital of ₹10,000 during this year.Q. The total amount of Plant and Machinery to be put in the Final Statement of Affairs is _________.a)₹30,000b)₹43,000c)₹13,000d)₹56,000Correct answer is option 'B'. Can you explain this answer?.

Solutions for Read the following hypothetical case study and answer the question that follows:Mr. Nahin Ahmed keeps his book on Single Entry. From the following information given by him, ascertain his profit or loss for the year ending 31st March 2019 and prepare the final statement affairs.His position on 1st April 2018 were as follows: Plant and Machinery ₹30,000; Stock ₹5,000; Cash in hand ₹100; Debtors ₹17,000; Loan from Mr. Bishal Podiyal ₹1,000 at 4% p.a. interest; Bank Overdraft ₹1,100 and Creditors ₹12,120.On 31st March 2019, he owed his creditors ₹9,170 and had paid Mr. Bishal ₹500 in lieu of his loan on 1st October 2018 and paid no interest. He had bought additional Plant and Machinery @ ₹13,000. Debtors were ₹23,000 out of which ₹900 would not be able to connect. The Cash and Bank Balance was ₹4,100. Stock at the end was valued at ₹4,500.Mr. Ahmed withdrew ₹8,300 for domestic purposes. He introduced a further capital of ₹10,000 during this year.Q. The total amount of Plant and Machinery to be put in the Final Statement of Affairs is _________.a)₹30,000b)₹43,000c)₹13,000d)₹56,000Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Read the following hypothetical case study and answer the question that follows:Mr. Nahin Ahmed keeps his book on Single Entry. From the following information given by him, ascertain his profit or loss for the year ending 31st March 2019 and prepare the final statement affairs.His position on 1st April 2018 were as follows: Plant and Machinery ₹30,000; Stock ₹5,000; Cash in hand ₹100; Debtors ₹17,000; Loan from Mr. Bishal Podiyal ₹1,000 at 4% p.a. interest; Bank Overdraft ₹1,100 and Creditors ₹12,120.On 31st March 2019, he owed his creditors ₹9,170 and had paid Mr. Bishal ₹500 in lieu of his loan on 1st October 2018 and paid no interest. He had bought additional Plant and Machinery @ ₹13,000. Debtors were ₹23,000 out of which ₹900 would not be able to connect. The Cash and Bank Balance was ₹4,100. Stock at the end was valued at ₹4,500.Mr. Ahmed withdrew ₹8,300 for domestic purposes. He introduced a further capital of ₹10,000 during this year.Q. The total amount of Plant and Machinery to be put in the Final Statement of Affairs is _________.a)₹30,000b)₹43,000c)₹13,000d)₹56,000Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the following hypothetical case study and answer the question that follows:Mr. Nahin Ahmed keeps his book on Single Entry. From the following information given by him, ascertain his profit or loss for the year ending 31st March 2019 and prepare the final statement affairs.His position on 1st April 2018 were as follows: Plant and Machinery ₹30,000; Stock ₹5,000; Cash in hand ₹100; Debtors ₹17,000; Loan from Mr. Bishal Podiyal ₹1,000 at 4% p.a. interest; Bank Overdraft ₹1,100 and Creditors ₹12,120.On 31st March 2019, he owed his creditors ₹9,170 and had paid Mr. Bishal ₹500 in lieu of his loan on 1st October 2018 and paid no interest. He had bought additional Plant and Machinery @ ₹13,000. Debtors were ₹23,000 out of which ₹900 would not be able to connect. The Cash and Bank Balance was ₹4,100. Stock at the end was valued at ₹4,500.Mr. Ahmed withdrew ₹8,300 for domestic purposes. He introduced a further capital of ₹10,000 during this year.Q. The total amount of Plant and Machinery to be put in the Final Statement of Affairs is _________.a)₹30,000b)₹43,000c)₹13,000d)₹56,000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Read the following hypothetical case study and answer the question that follows:Mr. Nahin Ahmed keeps his book on Single Entry. From the following information given by him, ascertain his profit or loss for the year ending 31st March 2019 and prepare the final statement affairs.His position on 1st April 2018 were as follows: Plant and Machinery ₹30,000; Stock ₹5,000; Cash in hand ₹100; Debtors ₹17,000; Loan from Mr. Bishal Podiyal ₹1,000 at 4% p.a. interest; Bank Overdraft ₹1,100 and Creditors ₹12,120.On 31st March 2019, he owed his creditors ₹9,170 and had paid Mr. Bishal ₹500 in lieu of his loan on 1st October 2018 and paid no interest. He had bought additional Plant and Machinery @ ₹13,000. Debtors were ₹23,000 out of which ₹900 would not be able to connect. The Cash and Bank Balance was ₹4,100. Stock at the end was valued at ₹4,500.Mr. Ahmed withdrew ₹8,300 for domestic purposes. He introduced a further capital of ₹10,000 during this year.Q. The total amount of Plant and Machinery to be put in the Final Statement of Affairs is _________.a)₹30,000b)₹43,000c)₹13,000d)₹56,000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Read the following hypothetical case study and answer the question that follows:Mr. Nahin Ahmed keeps his book on Single Entry. From the following information given by him, ascertain his profit or loss for the year ending 31st March 2019 and prepare the final statement affairs.His position on 1st April 2018 were as follows: Plant and Machinery ₹30,000; Stock ₹5,000; Cash in hand ₹100; Debtors ₹17,000; Loan from Mr. Bishal Podiyal ₹1,000 at 4% p.a. interest; Bank Overdraft ₹1,100 and Creditors ₹12,120.On 31st March 2019, he owed his creditors ₹9,170 and had paid Mr. Bishal ₹500 in lieu of his loan on 1st October 2018 and paid no interest. He had bought additional Plant and Machinery @ ₹13,000. Debtors were ₹23,000 out of which ₹900 would not be able to connect. The Cash and Bank Balance was ₹4,100. Stock at the end was valued at ₹4,500.Mr. Ahmed withdrew ₹8,300 for domestic purposes. He introduced a further capital of ₹10,000 during this year.Q. The total amount of Plant and Machinery to be put in the Final Statement of Affairs is _________.a)₹30,000b)₹43,000c)₹13,000d)₹56,000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following hypothetical case study and answer the question that follows:Mr. Nahin Ahmed keeps his book on Single Entry. From the following information given by him, ascertain his profit or loss for the year ending 31st March 2019 and prepare the final statement affairs.His position on 1st April 2018 were as follows: Plant and Machinery ₹30,000; Stock ₹5,000; Cash in hand ₹100; Debtors ₹17,000; Loan from Mr. Bishal Podiyal ₹1,000 at 4% p.a. interest; Bank Overdraft ₹1,100 and Creditors ₹12,120.On 31st March 2019, he owed his creditors ₹9,170 and had paid Mr. Bishal ₹500 in lieu of his loan on 1st October 2018 and paid no interest. He had bought additional Plant and Machinery @ ₹13,000. Debtors were ₹23,000 out of which ₹900 would not be able to connect. The Cash and Bank Balance was ₹4,100. Stock at the end was valued at ₹4,500.Mr. Ahmed withdrew ₹8,300 for domestic purposes. He introduced a further capital of ₹10,000 during this year.Q. The total amount of Plant and Machinery to be put in the Final Statement of Affairs is _________.a)₹30,000b)₹43,000c)₹13,000d)₹56,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.