Krishan started his business on 1st April, 2022 with a Capital of ₹ 1,00,000. On 31st March, 2023, his assets were:
Krishan started his business on 1st April, 2022 with a Capital of ₹ 1,00,000. On 31st March, 2023, his assets were:
He owed ₹ 12,000 to sundry creditors and ₹ 10,000 to his brother on that date. He withdrew ₹ 2,000 per month for his personal expenses. Ascertain his profit.
[Profit earned – ₹ 56,000.]
| Cash | 3,200 |
| Stock | 34,800 |
| Debtors | 31,000 |
| Plant | 85,000 |
Anurag Pathak Changed status to publish January 10, 2024
