rahul started a business with cash rs 50000 and stock rs 200000. during the year he sold goods costing rs 50000 for rs 80000 on credit to aditiya. he purchased furniture for rs 25000 and macinery for rs 50000. at the end of the year machinery of book value rs 10000 was sold for rs 18000. calculate the value of profit gain and income
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Answer:
Profit is 73000
Explanation:
Total income=50000+80000+18000
=148000
Total expenses=25000+50000
=75000
Profit=Total income-total expenses
=148000-75000
=73000
Hopefully it will be helpful to you
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