please check the answer
Kalyan, the solution provided by you is incomplete because we are required to prepare Statement of Profit and Loss and Final Statement of Affairs in it. However, in the solution you have only prepared opening and closing Statement of Affairs before revision. These type of questions are already covered in our study material. Please go through the following link.
https://www.meritnation.com/cbse/class11-commerce/studymaterial/accountancy/financial-accounting-part-ii/accounts-from-incomplete-records/395_2373_14072#slide1_Alternative Method of Ascertaining Profit or Loss
Also, while preparing the opening and closing statement of affairs please do not assume that opening and closing balance is same until and unless it is mentioned in the question. For example: 20% Govt. Security it will be recorded in the opening statement of affairs only as there is nil balance on 31-3-2015. Incorporate this change in your solution for all the items where opening or closing balance is not given to us in the question and prepare a complete solution. In case of any doubt do get back to us.
https://www.meritnation.com/cbse/class11-commerce/studymaterial/accountancy/financial-accounting-part-ii/accounts-from-incomplete-records/395_2373_14072#slide1_Alternative Method of Ascertaining Profit or Loss
Also, while preparing the opening and closing statement of affairs please do not assume that opening and closing balance is same until and unless it is mentioned in the question. For example: 20% Govt. Security it will be recorded in the opening statement of affairs only as there is nil balance on 31-3-2015. Incorporate this change in your solution for all the items where opening or closing balance is not given to us in the question and prepare a complete solution. In case of any doubt do get back to us.