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 :

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

Transcribed Image Text:

Cash Stock Debtors Creditors Rs. 30,000 4.70,000 3,50,000 3,00,000