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Mr. Akshat keeps his books on incomplete records. Following information is given below ItemsApril 1, 2004April 1, 2004Cash in hand1,0001,500Cash at bank15,00010,000Stock1,00,00095,000Debtors42,50070,000Business premises75,0001,35,000Furniture9,0007,500Creditors66,00087,000Bills payable44,00058,000 During the year, he withdrew Rs. 45,000 and introduced Rs. 25,000 as further capital in the business. Compute the profit or loss of the business. |
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Answer» Mr. Akshat keeps his books on incomplete records. Following information is given below ItemsApril 1, 2004April 1, 2004Cash in hand1,0001,500Cash at bank15,00010,000Stock1,00,00095,000Debtors42,50070,000Business premises75,0001,35,000Furniture9,0007,500Creditors66,00087,000Bills payable44,00058,000 During the year, he withdrew Rs. 45,000 and introduced Rs. 25,000 as further capital in the business. |
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