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Raghuveer keeps incomplete records. His position was as follows: 31st March, 2016 (₹) 31st March, 2017 (₹) Cash in Hand 2,000 3,000 Cash at Bank 30,000 20,000 Stock-in-Trade 2,00,000 1,90,000 Sundry Debtors 85,000 1,40,000 Plant & Machinery 1,50,000 2,70,000 Fixtures and Fittings 18,000 15,000 Sundry Creditors 2,20,000 2,90,000 During the year, Raghuveer introduced ₹ 50,000 as further capital in the business and withdrew ₹ 7,500 per month. From the above information, show Profit or Loss for the year ended 31st March, 2017. |
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Answer» Raghuveer keeps incomplete records. His position was as follows:
During the year, Raghuveer introduced ₹ 50,000 as further capital in the business and withdrew ₹ 7,500 per month. From the above information, show Profit or Loss for the year ended 31st March, 2017. |
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