Vansh started business on 1st April 2017 with a capital of rupees 120000. During the year he introduced further capital of rupees 30000 but withdrew rupees 25000 for personal use. At the end of the year, his assets worth rupees 200000 and liabilities amounting to Rupees 30000. Determine his capital at the end of the year and profit or loss incurred during the year ending 31st March 2018. (ii) On which side the increase in the following accounts be recorded? Also specify the nature of account to which they belong. (a) Partner's Capital (b) cash (c) Creditors (d) Furniture (e) Bank Loan (f) Debtors.
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sorry I can't but I can give you one example
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Profit is=187000
closing capital is =530000
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if it's useful put a brainleast
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