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Mehesh started a business with a …

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Mehesh started a business with a capital of 15000 on on 1st April 2017 during the year he made a profit of 30000 he owes 2500 to supplicrs of goods what is the total of assets in his business on 31st March

Posted by Mehak Gupta 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Divyanshi Agrawal 6 years, 5 months ago

Closing capital =opening capital + profit = 15000+30000 Closing capital =45000 Closing capital =assets -liability 45000= assets - 25000(creditor ) 45000+25000=assets 70000= assets

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