Prepare the statement of profit and loss

Reference no: EM131207811

During the year mr. ashok sold his private car for 50000 and this amount invested in business he withdraw from business 1500 per month up to july 31st 2011 and thereafter 4500 per month as Drawing you are required to prepare the statement of Profit & loss and statement of affair as on 31st Dec,2011.

Jan-11
Creditor	45000
Loan	66000
Debitor	22500
cash	7500
building	89600
furniture	1300
stock	34000

Dec-11
Creditor	93000
Loan	57000
Debitor	Nil
cash	8700
building	90000
furniture	1300
stock	25000

Reference no: EM131207811

Questions Cloud

Should there be an intervention from social workers : Based on the reporting: how do you think the general audience perceived the reporting of the article and news media? As a social worker, why is this article or news media, and the way it is being reported, important?

Create a time line for each of the franchises : Calculate the IRR for each project. Make sure to show the formula, calculator or excel steps and final answer.

Write a program to play connect four : Write a program to play Connect Four. Connect Four is a two-player connection game in which the players first choose a color and then take turns dropping colored discs from the top into a seven-column.

Explain the core principles or features of the deontological : Demonstrate how the principles or features of the deontological or utilitarian theory apply to the question under consideration and identify the specific conclusion that results from applying the reasoning characteristic of that kind of approach.

Prepare the statement of profit and loss : During the year mr. ashok sold his private car for 50000 and this amount invested in business he withdraw from business 1500 per month up to july 31st 2011 and thereafter 4500 per month as Drawing you are required to prepare the statement of..

Identify one research variable from that problem : Analyze how you will know if the data collection method would generate valid and reliable data (Note: do not actually collect any data)

What is npv if the firm uses macrs depreciation : Bottoms Up Diaper Service is considering the purchase of a new industrial washer.- What is NPV if the firm uses MACRS depreciation with a 5-year tax life?

Style of writing and formatting : Provide background of the case, repeat each question and provide analysis for each questions. Llibrary papers should be used and referenced. Strict APA style of writing and formatting should be followed.

Traditional models of strategy : Explain how the five elements of strategy portrayed in the reading relate to either I/O or RBV traditional models of strategy?

User Account

All Pages