Question 34

Calculate the profit by the method of statement of affairs with the help of the below given data.
Mr. A is the owener of one general store. He is not using dual system account. Capital at 31st march 2020 was Rs. 75000. He took Rs. 12000 for his person use. He invested new capital of Rs. 12500. On 31st march 2021, total libability is Rs. 90000, total asset is Rs. 126500, stock value is Rs. 24570 and in bank Rs. 25000 cash.


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