Question

55. Abhisek started business on 1st April, 2016 with a capital of 1,60,000. He took loan from his friend
50,000. On 31st March, 2017, his assets were * 2,80,000 and creditors were 60,000. He did not repay the
loan to his friend.
Determine his Capital and Profit at the end of the year.​

Answer 1

Answer:

capital - 1,60,000 and Profit you add 2016 and 2017

Explanation:

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