Mr. A started a business with a capital of Rs. 5,00,000. At the end of the year his position was: Sundry creditors on this date totalled Rs. 80,000. During the year he introduced a fruther capital of Rs. 1,50,000 and withdrew for household expenses Rs. 90,000. You are required to calculate Profit or Loss during the year.

Mr. A started a business with a capital of Rs. 5,00,000. At the end of

1.	Mr. A started a business with a capital of Rs. 5,00,000. At the end of the year his position was: Sundry creditors on this date totalled Rs. 80,000. During the year he introduced a fruther capital of Rs. 1,50,000 and withdrew for household expenses Rs. 90,000. You are required to calculate Profit or Loss during the year.
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