A commenced his cloth business on 1st April, 2021 with a capital of ₹ 30,000. On 31st March, 2022, his assets were worth ₹ 50,000 and liabilities of ₹ 10,000
A commenced his cloth business on 1st April, 2021 with a capital of ₹ 30,000. On 31st March, 2022, his assets were worth ₹ 50,000 and liabilities of ₹ 10,000. Find out his closing capital and profits earned during the year.
[Capital ₹ 40,000; Profit ₹ 10,000.]
Anurag Pathak Changed status to publish September 16, 2023
