Question

X starts a business & invests rs.50000 on 1st april 2018 on 31st march 2019 his assets are rs.65000 & liabilities are rs.6000.find out the amount of capital on 31st march 2019 & his profits.

Answer 1

Answer:

Capital:- 59,000rs

Explanation:

Capital= Assets- liability

Answer 2

Answer:

Capital 59000

Profit 9000

Explanation:

Capital as on 31 march,2018 65000-6000 equals 59000.

Profit=Closing Capital - Opening Capital

59000-50000=9000