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Mrs.anu started firm with capital of …

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Mrs.anu started firm with capital of Rs.400000 on 1st July 2005. She borrowed from her friends a sum of Rs.100000@10%per annum (interest paid) for business and brought a further amount to capital Rs.75000 on Dec.31,2005,her position was: Cash. Rs.30000 Stock. Rs. 470000 Debtors. Rs. 350000 Creditor. Rs. 300000 He withdrew Rs.8000 per month for the year. Calculate profit and loss for the year.

Posted by Ansh Yadav 8 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Ansh Yadav 8 years, 4 months ago

Ans may be different

Ansh Yadav 8 years, 4 months ago

Ans is profit 23000

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