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Chapter 1: Accounts from Incomplete Records Book Back Sums with Solutions • Solved Book Back Questions (Questions 1-5) • Solved Book Back Questions (Questions 6-9) • Solved Book Back Questions (Questions 10-13) Question 10: Find out credit sales from the following information: Debtors on 1st April 2018: Rs. 100,000; Cash received from debtors: Rs. 230,000; Discount allowed: Rs. 5,000; Returns inward: Rs. 25,000; Debtors on 31st March 2019: Rs. 120,000. Answer:  Credit Sales: Rs. 2,80,000. Step-by-Step Solutions: Download the complete step-by-step solution below. 🔗 Download PDF: Book Back Sums 10 - 13 Solutions 🎥 Video Explanation: Watch the complete step-by-step solution on YouTube. ▶️ Watch Video: Watch the detailed solution on YouTube. Question 11: From the following details, find out total sales made during the year. Debtors on 1st January 2018: Rs. 130,000; Cash received from debtors during the year: Rs. 420,000; Sales returns: Rs. 35,000; Bad debts: Rs.15,000; Debto...

  Chapter 1 – Accounts from Incomplete Records In this article, you will learn: Meaning of Statement of Affairs Format of the Statement of Affairs Solved Book Back Questions (Questions 1-5) Solved Book Back Questions (Questions 6-9) Solved Book Back Questions (Questions 10-13) 👉 Study Notes: Statement of affairs Statement of Affairs: A statement of affairs is a statement showing the balances of assets and liabilities on a particular date. The balances of assets are shown on the right side and the balances of liabilities on the left side.  It is prepared from incomplete records to find out the capital of a business unit on a particular date. This statement resembles a balance sheet.  The difference between the total of assets and the total of liabilities is taken as capital.  Capital = Assets – Liabilities Format of Statement of Affairs:             Statement of affairs as of___________               ...