Ram started a business on 1st January 2016 with the capital of rupees 100000 during the year ending 31st December 2016 he introduced further capital of rupees 20000 and withdrew goods and cash worth rupees 15000 for personal use. on 31st December 2016 his assets include cash rupees 30000, stock rupees 80000 debtors rupees 40000 and furniture rupees 30000 and liabilities include bank loan 30000 and creditors rupees 20000. Ascertain his capital at the end of 2016 and profit or loss incurred during the year.
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let him start today or tomorrow wr for u
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