15. (a)
David started business with a capital of
* 20,000 on 1st January 2004. During the
year he has withdrawn * 500 per month for
his personal expenses. Also David has
brought additional capital of 5,000 into the
business. His capital at the end of the year,
i.e on 31st December 2004 was * 36,000
Ascertain the profit or loss for the year.
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37745. is right
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