Ram started a firm on 1-4-2017 with a capital of D 10,000. On 1-7-2017, he borrowed from his wife
a sum of D 4,000 @ 9 % p.a. ( interest not yet paid ) for business and Introduces a further capital of his own
amounted to D 1,500 on 31-3-2018 his position was :
Cash D 600 ; Stock D 9,400, Debtors D 7,000 and creditors D 6,000.
As certain his Profit or Loss taking into account D 2,000 of his drawings during the year.
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Statement of Affairs As on March 31, 2018
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