posted by misba .
amair started the business with a capital of rs60000 on 1jan 2009 during the year he had with drawn goods rs8000 and cash rs5000for personal use he has also paid life insurance premium rs.2000 he had aiso introduced additional capital of rupees 20000 on 1st july .2009
on 31st december 2009 you have the following information
cash in hand 40000
loan from cousin 5000
you are required to find profit or loss after considering rupees 2000 for bad and doubtfull debts deprecialt on machinery 10% and buildings 5% provide interest and capital 10% and also your required