Devansh started business on 1st April, 2019 with capital of Rs.7,50,000 and a loan of Rs.2,00,000 from PNB. On 31st Narch 2020 his assets were Rs.15,00 000. Find out his capital on 31st March, 2020 and profits or loss during the year.
1 point
Capital Rs.12,00,000 and profits Rs.6,00,000
Capital Rs.12,00,000 and profits Rs.5,50,000
Capital Rs.13,00,000 and profits Rs.5,50,000
Capital Rs.13,00,000 and profits Rs.6,00,000
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Answer:
Capital Rs. 12,00,000 and profits Rs. 5,50,000
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