X commerced business on 1st April 2013 with a capital of rupees 600,000. on 31st March 2014 his assets were worth rupees 800000 and liabilities rupess 50,000. Find out his closing capital
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Answered by
3
Answer:
closing capital = Assets - liabilities
= 800000-50000
=750000
Answered by
35
closing capital = assets - liabilities
closing capital = (600000 + 800000) - 50000
closing capital = 1400000 - 50000
closing capital = 1350000
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