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1. Adamjee keeps books on a single-entry basis. The cash book for 2008 shows receipts of Rs. 68,000 and payments of Rs. 68,000. Other assets and liabilities as of December 31, 2008 include debtors of Rs. 17,600, creditors of Rs. 7,900, machinery of Rs. 7,500, furniture of Rs. 1,200, stock of Rs. 5,700, and investments of Rs. 5,000. Final accounts are to be prepared after providing depreciation of 10% on fixed assets and Rs. 800 for doubtful debts. 2. Shri Ramji

Author

Esukapalli Siva Reddy

Language

EN