[DK Goel] Q 12 Accounting Equations Solutions CBSE (2024-25) Class 11

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Solution of Question number 12 Accounting Equations DK Goel class 11 CBSE (2042-25).

A commenced his cloth business on 1st April, 2022 with a capital of ₹ 3,00,000. On 31st March, 2023 his assets were worth ₹ 5,00,000 and liabilities ₹ 1,00,000. Find out his closing capital and profits earned during the year.

[Ans. Closing Capital ₹ 4,00,000; Profit ₹ 1,00,000.]

Solution:-

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Anurag Pathak

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