19. A commenced his cloth business on 1st April, 2023 with a capital of ₹30,000. On 31st March 2024, his assets were worth ₹50,000 and liabilities of ₹10,000. Find his closing capital and profits earned during the year.
T.S.Grewal/2024 Edition/Practical Problems/Q-19
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.