Accountancy, asked by Vectooki2701, 1 month ago

Atul commenced business on 1stjanuary,2017,his assets were rupees 50,000and liabilities rupees 10,000calculate closing capital and profit

Answers

Answered by tanmay798

2

assets = liabilities+ capital

50000 = 10000 + capital

capital = 50000- 10000

capital = 40000

we cannot calculate profit as information is not sufficient.

Answered by sakthivinayagartyres

23

Answer:

Assets = liabilities + capital

50000 = 10000 + capital

capital = 50000 - 10000

capital = 40000

The answer is 40000

please drop some thanks please

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