Question

Y started a business on 1st April, 2018 with a Capital of ₨ 2,00,000 and a loan of ₨ 75,000

from the bank. During the year, he had introduced additional capital of ₨ 60,000 and had

withdrawn ₨ 36,000 for personal purposes. On 31st March, 2019 his assets were ₨ 3,80,000.

Find out his Capital as on 31st March, 2019 and profit earned during the year 2018-19.​

Answer 1

Answer:

from the bank. During the year, he had introduced additional capital of ₨ 60,000 and had

withdrawn ₨ 36,000 for personal purposes. On 31st March, 2019 his assets were ₨ 3,80,000.

Find out his Capital as on 31st March, 2019 and profit earned during the year 2018-19.