Question

14. On 31st March, 2019, the total assets and external liabilities were 4,00,000 am
12,000 respectively. During the year, the proprietor had introduced additiona
capital of 40,000 and withdrawn * 24,000 for personal use. He made a profit of
40,000 during the year. Calculate the capital as on 1st April, 2018.​

Answer 1

Answer:

Rs. 444000 is the answer