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24. Krishan started his business on …

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24. Krishan started his business on 1st Jan 2008 with a capital of 1,00,000 . on 31st dec 2009 his assets were Cash 3200 Furniture 4000 Stock 32480 Debtors 31000 Plant 85000 He owned 12000 to sundry creditors and 10,000 to his brother on that date. He withdrew 2000 per month for his private expenses. Prepare a statement of Profit and Loss
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