Question

13. From the following particulars, prepare the proprietor's Capital Account:
2013
April 1 Started business with
May 10 Withdrew from business for personal use
July 15 Further Capital introduced
Nov. 30 Income tax paid
2014
Mar. 31 Profit for the year


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Answer 1

Answer:

From the following particulars, prepare the proprietor’s Capital Account: 2013 April 1 Started business with Rs.45,000 May 10  Withdrew from business for personal use Rs.10,000 July 15 Further Capital introduced Rs. 55,000 Nov 30 Income tax

Explanation:

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