14. From the following particulars, prepare the proprietor’s Capital Account:
| 2023 | ₹ | |
|---|---|---|
| April 1 | Started business with cash | 45,000 |
| May 10 | Withdrew from business for personal use | 10,000 |
| July 15 | Further Capital introduced | 55,000 |
| Nov. 30 | Income tax paid | 5,000 |
| 2024 | ||
| Mar. 31 | Profit for the year | 30,000 |
(MSE Chandigarh, Modified)
T.S.Grewal/2024 Edition/Practical Problems/Q-14
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.