Question

(Capital 2 72,500; Assets * 87,500.]
1) Mohan started a business on 1st April, 2017 with a capital of 10,000 and borrowed
33,000 from a friend. He earned a profit of 7 5,000 during the year ended 31st March,
2018 and withdrew cash4,000 for private use. What is his capital on 31st March, 2018?​

Answer 1

Answer:

(Capital 2 72,500; Assets * 87,500.]

1) Mohan started a business on 1st April, 2017 with a capital of 10,000 and borrowed

33,000 from a friend. He earned a (Capital 2 72,500; Assets * 87,500.]

1) Mohan started a business on 1st April, 2017 with a capital of 10,000 and borrowed

33,000 from a friend. He earned a profit of 7 5,000 during the year ended 31st March,

2018 and withdrew cash4,000 for private use. What is his capital on 31st March, 2018? of 7 5,000 during the year ended 31st March,

2018 and withdrew cash4,000 for private use. What is his capital on 31st March, 2018?

Explanation:

(Capital 2 72,500; Assets * 87,500.]

1) Mohan started a business on 1st April, 2017 with a capital of 10,000 and borrowed

33,000 from a friend. He earned a profit of 7 5,000 during the year ended 31st March,

2018 and withdrew cash4,000 for private use. What is his capital on 31st March, 2018?

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Answer 2

Answer:

Capital 2 72,500; Assets * 87,500.]

1) Mohan started a business on 1st April, 2017 with a capital of 10,000 and borrowed

33,000 from a friend. He earned a profit of 7 5,000 during the year ended 31st March,

2018 and withdrew cash4,000 for private use. What is his capital on 31st March, 2018?