Manveer started his business on January 01, 2005 with a capital of Rs. 4,50,000. On December 31,

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Manveer started his business on January 01, 2005 with a capital of Rs. 4,50,000. On December 31, 2005 his position was as under:

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He owned Rs. 45,000 from his friend Susheel on that date. He withdrew Rs. 8,000 per month for his household purposes. Ascertain his profit or loss for this year ended December 31, 2005.

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Accountancy Financial Accounting Part 2 For Class 11

ISBN: 9788174505323

1st Edition

Authors: NCERT

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Manveer started his business on January 01, 2005 with a capital of Rs. 4,50,000. On December 31,

Question:

Cash Bills receivable Plant Land and Building Furniture Rs. 99,000 75,000 48,000 1,80,000 50,000

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The total amount of withdrawals made by Manveer for household use his ending capital and his initial ...View the full answer

Accountancy Financial Accounting Part 2 For Class 11

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