Question

Ram started a business with a capital of ₹ 4,00,000. At the end of the year, his total assets were ₹ 10,00,000 and external liabilities were ₹ 4,50,000. He further informed that during the year ₹ 50,000 for household use. During the year he sold his personal investments of ₹ 50,000 at 20% profit and brought that money into the business as additional capital. Prepare a statement of profit and loss to ascertain the amount of profit or loss made in the business.​

Answer 1

Answer:

750000

Explanation:

please mark as brainlist

Answer 2

Answer:

earned profit is 140000