Liabilities | Amt (Rs.) | Assets | Amt (Rs.) | |
Creditors | 72,000 | Cash at Bank | 70,000 | |
General Reserve | 24,000 | Investments | 50,000 | |
Capital A/cs | Patents | 15,000 | ||
Kanu | 75,000 | Stock | 25,000 | |
Sunny | 70,000 | Debtors | 20,000 | |
Richa | 50,000 | 1,95,000 | Building | 75,000 |
Machinery | 36,000 | |||
2,91,000 | 2,91,000 |
Answer:
Average profit it for last two years = Rs. 45,000
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