(₹) | |||
Cash | 99,000 | ||
Bills Receivable | 75,000 | ||
Stock | 48,000 | ||
Land and Building | 1,80,000 | ||
Furniture | 50,000 |
Statement of Affairs
as on March 31, 2017
|
|||
Liabilities | Amount (Rs) | Assets | Amount (Rs) |
Loan from Friend | 45,000 | Cash | 99,000 |
Capital (Balancing Figure) | 4,07,000 | Bills Receivable | 75,000 |
Stock | 48,000 | ||
Land and Building | 1,80,000 | ||
Furniture | 50,000 | ||
4,52,000 | 4,52,000 | ||
Statement of Profit or Loss
for the year ended March 31, 2017
|
||
Particulars | Amount (Rs) |
|
Capital at the end of the year | 4,07,000 | |
Add: Drawings made during the year (8,000 × 12) | 96,000 | |
Less: Additional capital introduced during the year | - | |
Adjusted capital at the end of the year | 5,03,000 | |
Less: Capital in the beginning of the year | 4,50,000 | |
Profit made during the year | 53,000 | |