vansh started a firm on 1st april,2019 with a capital of ₹60000.on 1st july,2019 he borrowed from his wife a sum of ₹ 24000 for buisness and introduced a further capital of his own amounting to ₹ 9000. on 31st march,2020 his position was1. cash ₹ 36002. stock ₹ 560003. debtors ₹ 420003. creditors ₹ 36000 and4. furniture ₹ 10000Ascertain his profit and loss taking into account ₹ 12000 for his drawings during the year. Depriciation on furniture by 10%. per annum and provide 10%. for doubtfull debt.please solve this question step by step and explain all the things correctly
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