cash capital 5lacks furniture 4 lacks business in name of debjyoti traders balance sheet as on 23 july 2011 liabilities Amount

Assets Amount _______________________________________ Capital 9L Furniture Cash 4L 5L

Debjyoti traders are dealers in dell laptops he has purchased 10 laptops at 40K each for cash liabilities Amount Assets Amount _______________________________________ Capital 9L Furniture Cash Inventory 4L 1L 4L

He has sold all laptops for cash at Rs 50K per laptop. and incurred the following expenses in cash Salary to staff Rs 20K Tel bills - 2.5k, printing and stationary 1.5k, elec bill 3.2k Advertisement - 5.8k. rent - 10k Profit and loss account Particulars Amount -------------------Sales 500K Cost 400K Salary 20K Tel bill 2.5K printing 1.5K elec bill 3.2K Adv 5.8K Rent 10K -------------------Profit 57K Cash balance - statement

deb has withdrawn Rs 20K in cash is tax paid is 10K profit after tax is 47k