rahul started business with cash ₹50,00,000 and stock ₹2,00,000 during the year he sold goods costing ₹50,000 for ₹80,000 on credit to aditya he purchased furniture for ₹25,000 and machinery for ₹50,000 at the end of the year machinery of book value ₹10,000 was sold for ₹18,000 calculate the value of profit gain and income
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50,000+80,000+25,000+50,000+10,000+18,000
=2,33,000
2,00,000
he purchased
profit=33,000
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