[CBSE] Q 19 Accounting Equation TS Grewal Class 11 (2024-25)

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Solution of Question number 19 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2024-25

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.]

Solution:-

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Anurag Pathak

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