Question

9. Mr. Megha started his ready-made
garments business on 1st April 2004
with a capital of Rs. 50,000. He did
not maintain his books according to
double-entry system. During the
year he introduced fresh capital of
Rs. 15,000. He withdrew Rs. 10,000
for personal use. On March 31st,
2005, his assets and liabilities were
as follows. Total Creditors Rs.
90,000; total debtors Rs. 125,600,
Stock - Rs. 24,750 Cash at Bank Rs.
24,980. Calculate profit or loss made
by Mr. Megha. ​

Answer 1

Answer:

he has a profit of 30330 ruppes over the course of the year

Explanation: