Question

On31t march,2016 the total assets and outside liabilities were ₹700000 and ₹380000 respectively. during thr year,the owner had introduct additional capital ₹70000and with drawn ₹120000 for personal use.he made a profit of ₹80000 during the year. Find out his opening capital.

Answer 1

Answer:

Rs.2,90,000

Explanation:

Capital=Assets-Liabilities then,

Add.cap. will be subtracted

Drawing will be added

Profits will be subtracted

Answer 2

Answer:

2„90„000 is the answer

Explanation:

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