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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