Ajeet started a business on 1st April, 2018 with a capital of Rs.3,50,000. During the year he invested Rs.65,000 as capital and withdrew Rs.45,000 for his personal car. He had goods amounting to Rs.22,000 purchased on credit for which no payment had been made. He also took a loan of Rs.15,000 from ICICI Bank. Calculate the profit and Loss and Capital as on 31st March, 2019, if total Assets of Ajeet as on 31st March,2019 were 3,50,000.
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