Question

rahul started business with rs 25000 cash
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Answer 1

started business with cash=500000

stock=200000

sold goods costing=50000

for rupees 80000

profit of sold goods =80000-50000

=30000

purchase furniture= 25000

machinery=50000

cost price = 25000+50000

= 75000

end of year machinery book value is =10000

and it sold at =18000

loss =50000-18000

=32000

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