(a) A starts a business and invests rs 50000 on 1st april 2018 . on 31st march 2019 his assets are rs.65000 and liabilities are rs 6000 . find out the amount of capital on 31st march 2019 and his profit.
(b)on the above case if the proprietor had invested rs.5000 as additional capital and withdrawn rs 2000 ,what will be your answer?
(c) if A had withdrawn from his business rs 3000 for personal use , find out the profit in this case .
Answers
Answered by
5
Answer:
a.) 9000
Explanation:
on 31 march assets - liability is 59000. the difference between startup captial and present is 9000
Answered by
1
Answer:
Capital 59000
Profit 9000
Explanation:
Capital as on 31 march,2018 65000-6000 equals 59000.
Profit=Closing Capital - Opening Capital
59000-50000=9000
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