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Mohan commenced business on 1st January …

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Mohan commenced business on 1st January 2010 with a capital of Rs.50,000. On 1st October,he introduced Rs.25,000 into business of which Rs.10,000 was borrowed from Ram. His position. on 31st December 2010 was as under: Assets- Cash in hand Rs.4,000; Bank(Cr)Rs.6,500; DebtorsRs.24,000; B/R Rs.18,600; Stock Rs.25,400; Furniture Rs.15,000

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CBSE > Class 11 > Accountancy

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