Question

Shankar started business with capital of RS 8,00,000 on 1st October 2014 he borrowed from his friend a sum of RS 2,00,000@10%p.a(interest paid)for business and brought a further amount of RS 1,50,000as capital on 31st March 2015 his position was cash 60,000,stock9,40,000, debtor 7,00,000, creditors 6,00,000 He withdraw RS 16,000 per month during this period.calculate profit or loss for the period

Answer 1

$800000 - 200000 - 60000 -$