Question

Arjun commenced his business on 1st April 2019 with assets having value of
₹3,15,000 and liabilities owing to outsiders ₹ 20,000. During the year 2019-20, he
suffered a loss of ₹25,000 and had withdrawn ₹31,000 from his business. Calculate
the value of assets & capital as on 31st March 2020 if Arjun introduced a further
capital of ₹10,000 during the year.

Answer 1

Answer:

249000 by subtracting all liability, loss, drawings, and adding capital introduce.