Question

5.
[Closing
26. Calculate the amount of External Equities as on 31st March, 2021 in the following cases;
(ö) On 31st March, 2021, total assets and capital were * 15,00,000 and 10,50,000
respectively.
(ii) On 1st April
, 2020, Mukesh started business with a capital of * 3,00,000 and a loan of
23,00,000 borrowed from a friend. During the year, he earned a profit of 1,50,000,
On 31st March, 2021, the total assets were 15,00,000.
(iii) On 1st April, 2020, Ramesh started business with a capital of 3,00,000 and a loan
of 3,00,000 borrowed from a fixed. During the year, he earned a profit of 1,50,000,
introduced an additional capital of 1,80,000 and had withdrawn 90,000 for his
personal use. On 31st March, 2021 total assets were 15,00,000.
​

Answer 1

Answer:

100000-558 5655 -598 /4555 =585688898