Question

From the following particulars ,prepare the proprietor's capital account:
1stApril ,2017....started business with Rs.45,000.
May 10.... Withdrew from business for personal use Rs.10,000.
July 15....Further capital introduced Rs.55,000.
November 30....Income tax paid Rs.5,000.
31st March, 2018.....Profit for the year Rs.30,000

Answer 1

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