Question

Started business with cash 1,00,000 Opened bank A/C and transferred 5,00,000 from his saving A/C Purchased goods from Sohan on credit - 2,00,000 Sold goods to Hrithik costing 50,000 at a profit of 20% on cost Accrued Interest- 20,000 Cash received from Hrithik allowing a discount of 10%. Interest on capital 2000

Answer 1

Explanation:

for which standard it is .