23. On 31st March, 2024, total assets and external liabilities were ₹2,00,000 and ₹6,000 respectively. During the year, the proprietor had introduced capital of ₹20,000 and withdrawn ₹12,000 for personal use. He earned a profit of ₹ 20,000 during the year.
Calculate the capital as on lst April, 2023.
T.S.Grewal/2024 Edition/Practical Problems/Q-23
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.