Question

Mr Sunil Prasad furnished the following information of his business on March 31st 2021. Total Assets and external Liabilities were Rs 1,00,000 & Rs 3,000 respectively. During the year, he introduced additional capital of Rs 40,000 and withdrew Rs 4000 per week.Mr Sunil Made a profit of Rs 58,000 during this period. Determine the capital with which Mr Sunil started his business on April 1st,2020. 5​

Answer 1

Answer:

13000 - opening capital