0,17 Sunny started business of buying and selling of masks and sanitizers after the
outbreak of Covid-19 pandemic. He invested Rs.60,000 in cash and deposited in
Bank Rs. 40,000. He started his business in rented accommodation. He paid rent of
Rs. 5,000 for the month in which he started the business and paid another
Rs.5,000 advance for the next month in cash. He purchased the masks from
suppliers worth Rs. 25,000 on credit and 2,000 litres of sanitizer @ Rs. 10 per litre
for cash. He returned to the supplier defective masks worth Rs. 5,000. Sunny took
masks worth Rs.1,000 for family and friends and also took Rs.5,000 from bank for
personal use.
From the above calculate
i Capital
Current assets
Drawings
iv. Creditors
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29. Mr. Pahut the owner of a mobie shop mantans incomplete records of his business. He
wants to know he resuk of the business in 31-Dec. 20120 and for that following information
are avadable
12 Jan, 2020
31 Dec, 2020
15000
2000
Crediors
Loan trom Susaita (6%pa)
During the year he had windtam cash of Rs.10000 and goods worth Rs 5000 for his
personal use and invested Rs 5000 as additional capital. Loan from Susanta was taken on
14 July 2020.charge interest on loan. Calculate his profiton 31 Dec, 2020
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