4 a) Surender Mohan started business on 1" April 2019 with capital of Rs. 7,50,000 and a loan of Rs.200.000 taken from Punjab National Bank On 31" March 2020 and his assets were Rs. 15,00,000. Findout his capital on 31" March 2020 and profit made or losses incurred during the year 2019-20.
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Answer:
protit is ₹5, 50,000
Explanation:
capital on 1st april 2019 is 7,50,000
Assets on 31st march 2020 is 15,00,000
(-) liabilities (loan from bank) is 2,00,000
Therefore, capital on 31st march 13,00,000
profit earned during the year is ₹13,00,000-₹7,50,000
that is ₹5,50,000
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