ritu6337 ritu6337

09-03-2024
Business

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Tom started business on 1-4-2023 with a capital of 20,000. During During the year she borrowed only OR 5000 from Jerry and introduced additional capital 2000. Furniture purchased 3000.She had withdrawn from business 3000 for personal use.On 31-3-2024 her position was as follows; cash 450; Bank 2500; Debtors 4050; stock 7000;bills receivable 1800; creditors 750; Depreciation on furniture 10% per annum Calculate profit for the year ending 31-3-2024.

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