12. ‘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.
D.K.Goel/2024 Edition/Practical Questions/Q-12
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company