Sumit started a firm on 1st April, 2018 with a capital of ` 50,000. On 1st July 2018 he
borrowed from his son a sum of ` 20000 for business and introduces a further capital
of his own amounted to ` 1500. On 31st March, 2019 his position was as follows.
Cash ` 3000, stock ` 47000, Debtors ` 35000 and Creditors ` 30000. Ascertain his
profit or loss taking into Account ` 10000 for his drawings during the year.
Answers
Answered by
1
Sorry for my answer but Brainliest me please please I also follow you
Similar questions