Question

Q.5 Ram started a business on 1st Jan 2009 with a capital of Rs. 1,00,000. During the year ending 31st December 2009, he introduced father capital of Rs. 20,000 and withdraws goods and cash worth rs. 15,000 for personal use. On 31st Dec,2009, his assets include cash Rs.30000 stock Rs. 80,000 debtor Rs. 40,000 and furniture Rs. 30,000 and liabilities include bank loan Rs.30,000 and creditors Rs. 20,000.

Answer 1

if question only to find closing capital 

asset =cash +stock+debtor+furniture 
           =30000+80000+40000+30000
           =180000

liablities= bank loan + creditor 
              =30000+20000
                =50000
 
asset = closing capital +liablitites 
180000= closing capital + 50000
claoing capital = 180000-50000
                       = 130000

if question only to find profit follow this steps 

closing capital = opening capital + adtional capital + profit - drawings  
 130000  =100000+20000+profit - 15000
130000= 105000+profit 

profit =130000-105000
          =25000

hence profit = 25000
 
hope its useful ..!!!