Priya commenced business with a capital of RS. 200000.at the end of the year his assets include cash at bank RS. 60000, stock RS. 70000, debitors RS. 85000, furniture RS. 50000 and liabilities RS. 30000. Ascertain his capital at the end and profit or loss incurred if he introduced further capital of RS. 65000 but bought bike of RS. 20000 for personal use.
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Q.10 Ram commenced business with a capital of rs. 2,00000. At the end of the year his assets including cash Rs.40000, stock ...
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