Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 29 Jul 2017 My Price 2.00

amount to capital

Mrs Anu started firm with a capital of Rs 4,00,000 on 1st July 2005. She borrowed from her friends a sum of Rs 1,00,000 @ 10% per annum (interest paid) for business and brought a further amount to capital Rs 75,000 on Dec. 31, 2005, her position was :

 

Rs

Cash

30,000

Stock

4,70,000

Debtors

3,50,000

Creditors

3,00,000

He withdrew Rs 8,000 per month for the year. Calculate profit or loss for the year and show your working clearly.

Answers

Maurice Tutor
(5)
Status NEW Posted 29 Jul 2017 11:07 AM My Price 2.00

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