Question

06. X started business on 01.04.2018 with capital of Rs. 50000 and Borrowings of Rs. 25000.
During the year lhe paid income tax of Rs. 1500 and also transferred Rs. 25000 from his SAving
account to Current Account. He also paid Rs. 5000 on Account of Loan. Find out his net worth on 31.03.19 and Profit or loss for the year.

Answer 1

Answer:

here is your answer

25,000 + 5000 = 30,000

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