Mr. K started a business on 1st April 2019 with a capital of Rs50,000 and a loan of
Rs25,000 borrowed from Mr. P. During 2019-20 he had introduced additional capital of
Rs25,000 and had withdrawn Rs15,000 for personal use. On 31st March,2020 his assets
were Rs1,50,000. Find out his capital as on 31st March,2020 and profit made or loss
incurred during the year 2019-20
Answers
Answer:
Mr. K started a business on 1st April 2019 with a capital of Rs50,000 and a loan of
Rs25,000 borrowed from Mr. P. During 2019-20 he had introduced additional capital of
Rs25,000 and had withdrawn Rs15,000 for personal use. On 31st March,2020 his assets
were Rs1,50,000. Find out his capital as on 31st March,2020 and profit made or loss
incurred during the year 2019-20
Explanation:
Mr. K started a business on 1st April 2019 with a capital of Rs50,000 and a loan of
Rs25,000 borrowed from Mr. P. During 2019-20 he had introduced additional capital of
Rs25,000 and had withdrawn Rs15,000 for personal use. On 31st March,2020 his assets
were Rs1,50,000. Find out his capital as on 31st March,2020 and profit made or loss
incurred during the year 2019-20
During 2012-13, he had introduced additional capital of Rs. 25,000 and had withdrawn Rs. 15,000 for ..During 2018-19, he had introduced additional capital ₹25,000 and had withdrawn 15,000 ...
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