Question

Mohan started a business on 1st April 2017 with the capital of 25000 and the loan of 12500 borrowed from Shyam during 2017-18 had introduced additional capital of 12500 and withdrawn rupees 7500 for personal use on 31st March 2018 his assets over 75,000 find out his capital as on 31st March 2018 and profit made a loss incurred during the year 2017-18

Answer 1

Answer:

when Mohan starts his business he borrowed rupee

12500 and in 7500 withdraw

Answer 2

Capital on March 31, 2018 = Assets − Loan from Shyam

= 75,000 − 12,500 = Rs 62,500

Profit (or Loss) during the year 2017-18 = Capital on March 31, 2018+ Drawings − (Additional Capital + Capital on April 01, 2017)

= 62,500 + 7,500 − (12,500 + 25,000)

= 70,000 − 37,500 = Rs 32,500

Please mark me as brainliest..