Question

Q.2 Hebah Khan started a business by investing Rs 9000 in cash into the

business with no other assets and no liabilities to outsiders. At the end of the first

year, his records showed the following assets and liabilities: Furniture Rs 4000 ,Cash

Rs 3600 Equipment Rs 4000 Creditors Rs 6000 ,Debtors Rs 5000. Prepare a

Statement of Affairs as of the close of the first year. Assuming that She did not make

any drawings from the business nor did he introduce any further capital during the

year, calculate his profit in the first year. At the end of the second year, the records of

D showed the following assets and liabilities: Furniture Rs 8000,Creditors Rs

16000 ,Cash Rs 5000,Equipment Rs 6000,Debtors Rs 4000 ,Building Rs 20000

,Loan Rs 10000.

Prepare a Statement of Affairs as of the close of the second year;Assuming that

during the year She had introduced Rs 3000 as additional capital and had withdrawn

Rs 600 per month for personal use, calculate his profit for the second year.On 31st​

Answer 1

Answer:

Identify Homogeneous and Heterogeneous mixtures -