Accountancy, asked by muskanpandeymili, 1 year ago

p started a business of 1st april ,2014 with a capital of 1,50,000he took loan of 1,25,000from his friend,R. During the year 2014-15 he had introduce additional capital of 25,000 and had withdrawn 15,000 for personal use. on 31st march, 2015, his assets were 6,50,000. Find out his capital on 31st 2015 and profit made or loss incurred during the year 2015-15

Answers

Answered by sujiritha95

hey ,

i have attached working below

profit =365000
closing capital = 525000

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