Accountancy, asked by vcingawale866, 1 year ago

X started a business on 1st April, 2012 with a capital of Rs.25,000 and a loan of Rs.12500 borrowed from Y. During 2012-13, he had introduced additional capital of Rs.12500 and had withdrawn Rs. 7500 for personal use. On 31st March, 2013 his assets were Rs. 1,50,000. Find out his capital as on 31st March, 2013 and profit made or loss incurred during the year 2012-13

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Answered by ch2class11
2
it is a very simple question it can be solved as follows:
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