Question

T-Unit 01.indd 32
7. On 1st April 2018 Subha started her business with a capital of 1,20,000. She did not maintain
proper book of accounts. Following particulars are available from her books as on 31.3.2019.
بور
Particulars
Particulars
₹
Bank overdraft
50,000 Stock-in-trade
1,60,000
Debtors
1,80,000 Creditors
90.000
Bills receivable
70,000 Bills payable
2.40,000
Computer
30,000 Cash in hand
60,000
Machinery
3,00,000
During the year she withdrew ? 30,000 for her personal use. She introduced further capital of
240,000 during the year. Calculate her profit or loss.​

Answer 1

Answer:

closing capital 4,20,000

+drawings 30,000

4,50,000

-additional capital 2,40,000

adjusted closing capital 2 10,000

-opening capital 1,20,000

profit 90,000