Accountancy, asked by Amit29891, 1 year ago

On 1/4/2011 capital ofrs. 500000 and A loan of rs. 100000 borrowed from citi bank . On 31/3/12, his assets were 800000.Calculate his closing capital and profit

Answers

Answered by sujiritha95
0

Given :

Opening capital = 500000

Bank Loan on 31/3/12 = 100000

asset on 31/3/12 =800000

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soln :

closing capital = asset - liabilities

                        = 800000-100000

                         =700000

Closing capital = 700000

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closing capital = opening capital + profit

700000=500000+profit

profit = 700000-500000

          =200000

Profit =2,00,000

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