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Abhi started business on 1 April 2019 with capital Rs. 300000. On 31st March 2020 his total assetsamounted to Rs. 540000 and liabilities to Rs. 120000. Find out the amount by which his capital hasincreased as on 31st March 2020. |
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Answer» Explanation: CAPITAL on 1st April 2019 = 300000 capital on 31st MARCH 2020 = TOTAL assets - total LIABILITIES = 540000 - 120000 = 420000 Increase in capital = 420000 - 300000 = 120000 |
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