Question

(a) Gaurav commenced business on 1st April, 2019 with a Capital of ₹

500000 and a loan of ₹ 100000 borrowed from Yes Bank. On 31st March,

2020, his assets were ₹ 800000. Calculate his closing capital and profits

earned during the year.

(b) if in the above case, the proprietor had introduced fresh capital of ₹

40000 and had withdrawn ₹ 10000 for personal purposes, calculate the

profits.



#plzz tell me only (b) part #​

Answer 1

Answer:

add 30000 in capital since 10,000 is withdrawn