À commenced his cloth business on 1st April
2011 with a
capital oto 3 3,09,000.
On 31st March, 2012 his assets were
worth 500,000 and liabilities 31,00,000
Find out his closing capital and
earned during the year,
profits
Answers
Answered by
0
Answer:
profit 100000
closing Capital. 400000
Answered by
0
Answer:
2 formula
a=c+l
op capital+profit=closing capital
Explanation:
500,000=31,00,000+capital (closing)
capital=31,00,000-500000
closing capital is 2600,000
33,09,000+profit=26,00,000
33,09,000-26,00,000=709000
profit is 709000
hope it help's
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