Question

Ajay started a business with a capital of rupees 2,25,000 on 1st April 2011 diring the year he withdrew rupees 40,000 for his personal use and introduce rupees 7000 as fresh captal on 31 March 2012 his position of assets and liabilities stood as follows
Cash in hand 18500
Stock 20000

Answer 1

Answer:

closing capital =Opening capital - drawings +additional capital

=225000 - 40000+7000

=192000

Explanation:

question is incomplete *