2) Draw the lewis structure for the following molecules and ions H2,O2,CO2,C2H4,HNO3,Co
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Answer:
started business with Cash Rs.22000 and Stock of Rs.3000. His initial contribution to the capital will be Rs.25000 (Rs.22000 + Rs. 3000).
Calculation at the end of the year will be :
Capital introduced Rs.25000
Add; Profit during the year Rs. 6000
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Rs.31000
Less: Drawings (Goods) Rs.3500
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Capital at the end of the year Rs.27500
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Therefore, Gross Assets of the business as on 31st Dec 2014 will be Rs.27500