Mr. Mehta started his readymade garments business on April 1, 2016 with a capital of Rs 50,000. He did not maintain his books according to double entry system. During the year he introduced fresh capital of ` 15,000. He withdrew Rs 10,000 for personal use. On March 31, 2017, his assets and liabilities were as follows : Total creditors Rs 90,000 , Total debtors Rs 1,25,600 , Stock Rs 24,750 , Cash at bank Rs 24,980. Calculate profit or loss made by Mr. Mehta during the first year of his business using the statement of affairs method.

Y started a business on 1st Aptil, 2013 with a Capital of Rs. 2,00,000 and a loan of Rs.75,000 from the bank. During the year, he had introduced additional capital of Rs. 60,000 and had withdraw Rs.36,000 for personal purposes. On 31st March, 2014 his assets were Rs. 3,80,000. Find out his Capital as on 31st March, 2014 and profit earned during the year 2013-14.

Mrs. Vandana runs a small printing firm. She was maintaining only some records, which she thought, were sufficient to run the business. On April 01, 2016, available information from her records indicated that she had the following assets and liabilities: Printing Press Rs 5,00,000, Buildings Rs 2,00,000, Stock Rs 50,000, Cash at bank Rs 65,600, Cash in hand Rs 7,980, Dues from customers Rs 20,350, Dues to creditors Rs 75,340 and Outstanding wages Rs 5,000. She withdrew Rs 8,000 every month for meeting her personal expenses. She had also introduced Rs 15,000 during the year as additional capital. On March 31, 2017 her position was as follows : Press Rs 5, 25,000, Buildings Rs 2,00,000, Stock Rs 55,000, Cash at bank Rs 40,380, Cash in hand Rs 15,340, Dues from customers Rs 17,210, Dues to creditors Rs 65,680. Calculate the profit made by Mrs. Vandana during the year using statement of affairs method.

The position of a businessman on 30th June 1994 was as follows : - Cash Rs. 5,000, Debtors Rs. 20,000, Machinery Rs. 60,000, Stock Rs. 25,000, Capital Rs. 75,000. Calculate his liabilities.

If total assets of a business are Rs. 1,30,000 and capital is Rs. 80,000, calculate creditors.

If total assets of a business are Rs. 10,00,000 and capital is Rs. 4,00,000, calculate creditors.