Question

Raihan commenced business on 1/1/2016 with
the capital of Re 2,50,000. He immediately bought
vehicle for Re 40,000. During the year, he borrowed Rs.50,000 from his friend Kamal and introduced additional capital of Rs.30,000. He
withdrew at the end of year for personal
expenses.
From the following trading & Profit and loss acc for the year ending 31/12/2016 and
Balance sheet as on that date.
Advertisement. 22000
Trade expenses. 12000
Bad debte. =15000
Wages. = 3000
Carriage inwards =7000
Salary. =62000
Discount allowed= 8000
Sales (including cash sales Rs. 3,00,000) = 10,00.000
Purchaset (including cash burchase R1,00,000) =7,59000

Mr.Rajhaan used goods worth
Rs. 13000 For his own use and paid Rs.5000 as life Insurance premium on 31.12.2016.
debtors worth R. 2, 20,000 and creditors Rs. 1,50,000
Stock at the end was 1,00,000. Charge 15% depreciation on vehicle.
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Answer 1

these many questions can't answer give me 15 minutes

Answer 2

Answer:

Explanation:

Mr.Rajhaan used goods worth

Rs. 13000 For his own use and paid Rs.5000 as life Insurance premium on 31.12.2016.

debtors worth R. 2, 20,000 and creditors Rs. 1,50,000

Stock at the end was 1,00,000. Charge 15% depreciation on vehicle.

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