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

1.	Mr. A started business with a capital Rs. 5,00,000. At the end of the year his position was- ItemsAmt. (Rs.)Cash in hand15,000Cash at bank70,000Sundry debtors1,20,000Stock2,40,000Furniture75,000Machinery2,00,000 Sundry creditors on this date totalled Rs. 80,000. During the year, he introduced a further 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.
Answer» Mr. A started business with a capital Rs. 5,00,000. At the end of the year his position was- $\begin{matrix} Items & Amt. (Rs.) Cash in hand & 15, 000 Cash at bank & 70, 000 Sundry debtors & 1, 20, 000 Stock & 2, 40, 000 Furniture & 75, 000 Machinery & 2, 00, 000 \end{matrix}$ Sundry creditors on this date totalled Rs. 80,000. During the year, he introduced a further 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 business with a capital Rs. 5,00,000. At the end of the year his position was- ItemsAmt. (Rs.)Cash in hand15,000Cash at bank70,000Sundry debtors1,20,000Stock2,40,000Furniture75,000Machinery2,00,000 Sundry creditors on this date totalled Rs. 80,000. During the year, he introduced a further 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.

Answer»

Mr. A started business with a capital Rs. 5,00,000. At the end of the year his position was-

$\begin{matrix} Items & Amt. (Rs.) Cash in hand & 15, 000 Cash at bank & 70, 000 Sundry debtors & 1, 20, 000 Stock & 2, 40, 000 Furniture & 75, 000 Machinery & 2, 00, 000 \end{matrix}$

Sundry creditors on this date totalled Rs. 80,000. During the year, he introduced a further 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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