Question

Following is the data extracted from the books of GCI Ltd. Calculate the amount of capital on 31 March.
Given 1 April 31 March
Assets Rs. 43,000 Rs.44,000
Liabilities Rs. 31,000 Rs.30,000
Investment by owner during the year Rs. 3,200
Net loss for the year Rs. 1,000
1. Rs. 12,000
2.Rs. 26,000
3.Rs. 14,000
4.Rs. 25,000​

Answer 1

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