Question

Yogesh commenced business on 1st april,2011with a capital of 5,00,000 and a loan 1,00,000 borrowed from citi bank.on 31st march,2012 his as were 8,00,000.calculate his closing capital and profit during the year

Answer 1

opening capital- 500000, creditor=100000, next year opening capital=800000
closing capital=800000-100000=700000
profit =800000-700000=100000

Answer 2

here is your answer (◕ᴗ◕✿)(◕ᴗ◕✿)