Accountancy, asked by ayushkumar1899s, 9 months ago

X commenced business on 1st April,2019 with a capital of Rs.6,00,000. On 31st March,2020 his assets were worth Rs. 8,00,000 and liabilities Rs.50,000. Find out his closing capital. *

Rs.7,50,000

RS. 2,00,000

RS. 5,00,000

None of these

​

Answers

Answered by archanamankar2215
5

Answer:

Rs 2,00,000

Hope it helps you

Answered by lodhiyal16
9

Answer:

Explanation:

X commenced business on 1st April,2019 with a capital of Rs.6,00,000. On 31st March,2020 his assets were worth Rs. 8,00,000 and liabilities Rs.50,000.

Assets = Liabilities + closing capital.

800000 =50000+(600000+profit).

Profit =  800000 - 650000

Profit = 150000.

Closing capital = opening capital + profit .

Closing capital = 600000+ 150000 = 750000.

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