The capital of Sh. Madhusudan on 1st April, 2007 was rs 500000 and on 31st March, 2008 was rs 480000.he has informed you that he withdrew from the business rs 8000 per month for his private use.he paid rs 20000 for his income tax and the instalment of loan of his personal house at the rate of rs 15000 per month from the business. He had also sold his shares of reliance company costing rs 100000 at a profit of 20% and invested half of this amount in the business. Calculate the profit or loss of the business.
Answers
Answered by
4
Answer:
Your answer is 216000. I know this because I have solved this before. Hope it helps in your Buisness Studies all the best.
Answered by
0
Answer:
profit ; amount:2,16,000. is the right answer
Similar questions