Question

On 1st April 2019 Rina started a beauty parlour. She acquired a shop for Rs 12,00,000 and paid Rs. 2,00,000 for wtetica forge. Shetta
busness bank ac. She carried on till 31st March 2020, when she wanted to know what the partour has camed over the period. She has comedy
out the business results with following information as on 31.03.2020.
In addition to the shop and fitting she had following possions : Stock Rs 6,00,000, Motor Car (purchased on 30-09- 2019) Rs. 5,50.000,
2,50.000. Based on her limited knowledge she has told you to charge depreciation of 2% pa on shop, 5% pa on fittings and 20% na
On 31.03.2020 Rs 1,40,000 was payable to Creditors, and Rs 1,00,000 to a friend for money borrowed for business. She had the 2000
from the business
From the above mention data you are required to answer the following 3 questions.
Ascertain the amount of Capital as on 01.04.2019. ​

Answer 1

Answer:

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