Q6. (a) Mohan started business on 01.04.2016 with capital of Rs.1,50,000 and a loan of Rs.40,000 taken from Punjab National Bank. On 31.03.2017, his assets were Rs.3,00,000. Find out his capital on 31.03.2017 and profit made or loss incurred during the year 2017.
(b) If the above illustration, Mohan had introduced additional capital of Rs.25,000 and had withdrawn Rs.8,000 for personal purposes, find out profit or loss.
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(a) cash a/c. dr
to capital a/c
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