Question

Mohan startedd a business on 1st April 2018 with a capital of 25.000 and loan of
12,500 borrowed from shyam. During 2018-19 he had introduced additional capital of
12,500 and had withdrawn 7,500 for personal use. On 31st March, 2019 his assets were
75,000. Find out his capital on 31st March, 2019 and profit made or los incurred during the year 2018-19.​

Answer 1

Answer:

Capital-62500

profit-32500

Explanation:

Capital on March 31,2015 = Assets - Loan from shyam = Rs.75,000 - 12,500 = Rs.62,500

Profit (or Loss) during the year 2018-19

=62500+7500-(12500+25000)

=70000-37500

=32500