Question

1. A commenced his business on 1st Jan 2019, with a capital of 24,000. On December 31,2019,his position was as follows:Cash at Bank 4,300; Cash in hand 1,700; Stock 9,000; Debtors 6,000; Machinery6,500; Bills Payable 3,200; Bills Receivable 3,200; Creditors 1,600. During the year, Aintroduced further capital of 2,000 and his drawings were 800 per month. Prepare astatement showing profit or loss made by A during the year.​

Answer 1

Answer:

sorry I didn't know your question