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The capital of sh.madhusudan on 1april …

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The capital of sh.madhusudan on 1april 2016 was rs 500000 and on 31march 2017 was rs 480000 .he was informed you that he withdrew from the business rs 8000 per month for his private use. He paid RS 20000 for his income tax and the installment of the loan of his personal house at the rate of RS 15000 per month from the business. He had also sold his shares of reliance company costing RS 100000 at a profit of 20% and invested half of this amount in the business. Calculate the profit and loss of the business.

Posted by Himanshi Sharma 8 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Lakshita Sharma 8 years, 1 month ago

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