29. Manveer started his business on 1st January 2013 with a capital of Rs 4,50,000. On 31st December, 2013 his position was
under:
6 Analysing
Items
Amt(Rs)
99,000
Cash
75,000
Bills Receivable
48,000
Plant
1,80,000
Land and Building
50,000
Furniture
He owed Rs 45,000 from his friend Susheel on that date. He withdrew Rs 8,000 per month for his household purposes. Ascertain
his profit or loss for this year ended 31 st December, 2013.
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