Question

Q-1 X started a business on 1 April 2013 with a capital of Rs 1,00,000 and a loan
of Rs 50,000 from bank .On 31st March, 2014 his assets were Rs 1,75,000. Find
out his capital as on 31st March, 2014 and profit earned during the year 2013-
2014.
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Answer 1

Answer:

profit dr 25000

capital cr 25000