Question

If suresh started business with cash 200000 on 1st april 2010 during the year he suffered loss 20,000 on 31st march 2011 his capital student rupees 120000 bill payable at rupees 10,000 and bank loan rupees 8000 he also introduce a fresh capital of rupees 10000 during the year and he had the bank overdraft of rupees 6000 on 31st march 2011 calculate the amount withdrawn by suresh and total assets

Answer 1

1st Draw capital Ac and then
Balance sheet