sold bike of ₹2000 for ₹15000 out of which ₹10000 introduced in business
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Purchased goods for Cash 5,000 and on credit ₹ 2,000. – 5,000. + 7,000 (i) ₹ started business with cash ₹ 1,00,000 and Goods ₹ 20,000. (ii) Sold (iii) Sold goods for cash costing ₹ 10,000 and on credit costing ₹ 15,000 both at a profit of 20%. of ₹ 10,000. Find out his closing capital and profits earned during the year.
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