Payal started a business of manufacturing hand sanitizer and hand soap businesson 1stApril 2019with a capital of ₹10,00,000. At the end of the year her assets were: Building: ₹ 5,00,000, plants:₹ 3,00,000, stock: ₹ 6,50,000, cash and bank balance: ₹ 2,50,000. Her external liabilities amounted to ₹ 4,00,000. During the year she introduced additional capital of ₹ 1,00,000 and withdrew ₹ 60,000 for personal use.Compute her closing capital and profit/loss made during the year.
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