Question

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Ram started business on 1st April, 2018 with a Capital of 25,000 and a loan of
12,500. On 31st March, 2019, his assets were 50,000. Find his capital as on 31st March,
2019 and the profit earned during the year.


❌ɴᴏ ꜱᴩᴀᴍᴍɪɴɢ❌
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Answer 1

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Answer 2

ANSWER

Closing capital= closing assets- closing liability = 50,000-12500 =37500. Profit = closing cap. - op. Cap. = 37500-25000 =12,500.