On 31st march, 2019,the total assest and external Libalities were rs. 2,50,000 and rs. 20,000 respectively. During the year, the proprietor had introduced capital of ra. 1,00,000 and withdrawn rs. 30,000 for personal use. He made a profit of rs. 40,000 during the year. Calculate the capital as on 1st April, 2018
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On 31st March 2018 the total Assets and external liabilities ... for personal use he made a profit of rupees 20000 during the ... Capital as on 01.04.2017 = Rs.1,66,000.
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the above answer is right one
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