Yogesh commenced business on 1st April 2017 with a capital of Rs.5,00,000 and a loan of Rs1,00,000 borrowed from citibank. On 31st March, 2018, his assets were Rs8,00,000. Calculate his closing capital and profits earned during the year.
If in the above case, the proprietor had introduced fresh capital of Rs 40,000 and had withdrawn Rs10,000 for personal purposes, calculate his profits.
Answers
Answered by
1
Explanation:
very easy is cool
1,70,000
Attachments:
Similar questions