Question

Stock = ₹25000, Debtors= ₹30,000, cash= ₹15,000, Bills payable= ₹9000 total of current assets will be
₹79,000
₹61,000
₹70,000
None of the above​

Answer 1

Answer:

Statement of Profit or Loss

Particulars

Amount

(Rs)

Capital at the end

90,000

Add: Drawings

5,000

95,000

Less: Additional Capital Introduced

(10,000)

Adjusted Capital at the end

85,000

Less: Capital in the beginning

60,000

Net Profit for the year

25,000

Answer 2

So the answer is ₹70, 000 is this correct