Question

Ram commenced business with a capital of 2,00,000. At the end of
the year his assets include cash40,000, stock 70,000, debtors 85,000,
furniture 25,000 and liabilities 30,000.
Ascertain his capital at the end and profit or loss incurred if he
introduced further capital of 25,000 but bought bike of 30,000 for
personal use during the year.
Please solve this problem. ​

Answer 1

Answer:

Loss of 5,000

Explanation:

Capital = Assets less Liabilities

= 40k + 70k + 85k + 25k - 30k = 190k

Capital at the end is 190k

= Opening capital + profit - loss - drawings + additional capital

190k = 200k + profit/loss - 30k + 25k

Profit/Loss = -5k, or loss of 5,000

Answer 2

Answer:

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