Question

A) tina commenced business on 1st january ,2018 with a capital of rs 6,00,000and a loan of rs. 40, 000 borrowed from bank . on 31st december ,2018 his assets were rs. 8,00,000 . calculate his closing capital and profit earned during the year. (b) if in the above case if owner introduced further capital rs.40,000and withdrew rs, 10,000 for personal use , calculate his profits.

Answer 1

Answer:

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