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Krishan started his business on 1st April, 2017 with a Capital of Rs 1,00,000. On 31st March, 2018, his assets were :
Cash – Rs. 3,200
Stock – Rs. 34,800
Debtors – Rs 31,000
Plant – Rs 85,000
He owed Rs 12,000 to sundry creditors and Rs 10,000 to his brother on that date. He withdrew Rs 2,000 per month for the private expenses. Ascertain his profit.

1 Answer

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Best answer

                        Statement of Affairs as on March 31,2018

by (50 points)
Thank u ^_^

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