accounting quiz, pls help

[faizicapri]

@ dilara

ANSWERS
1
the answer of ur first question is
a) 3300
because the charge for the year is 3700(4000-300) out of which 400 is prepaid for the month of april so net charge for the year is 3300(3700-400)

2
the answer for the 2nd question is LOSS OF RS.11900
which can be computed as follows
ADDITIONAL CAPITAL 14000
STOCK WITHDRAWN (2625)
CASH DRAWINGS(875*12) (10500)
PROFIT/ (LOSS) [BALANCING FIGURE](11900)
-------
NET DECREASE IN ASSETS (11025)
--------

3
answer for the 3rd question is PROFIT OF RS.9600
it can be computed as follows
CAPITAL INDUCTED 50000
STOCK WITHDRAWN (10000)
SALARY (30000)
PROFIT(BALANCING AMOUNT) 9600
---------
INCREASE IN NET ASSETS(286,400-266,800) 19600
---------


Regards,
Muhammad Faizan Pasha