Chapter 5 – Accounting Equations – TS Grewal 2022
Question 19
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.
Solution:
A commenced his cloth
