Question

14. Calculate the capital introduced by Madhu (proprietor) as on 01.04.2018.
(a) Loss during the year
Rs. 1.50.000
(b) Drawings made during the year Rs. 3,60.000
(c) Capital introduced on 31.05.2018 Rs. 1.00.000
(d) Total equity on 31.03.2019 were Rs. 6,60.000
(e) Creditors equity on 31.03.2019 were Rs. 1.20.000​

Answer 1

Answer:

e) Creditors equity on 31.03.2019 were Rs. 1.20.000

Explanation:

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