1.

From the following particulars, prepare the proprietor's Capital Account: ₹ 1st April, 2018 − Commenced business with cash 2,00,000 31st March, 2019 − Net Loss as per Profit and Loss Account 18,000 31st March, 2019 − Drawings during the period 15,000 Balance the same and explain what the closing balance indicates.

Answer» From the following particulars, prepare the proprietor's Capital Account:





















1st April, 2018 − Commenced business with cash 2,00,000
31st March, 2019 − Net Loss as per Profit and Loss Account 18,000
31st March, 2019 − Drawings during the period 15,000



Balance the same and explain what the closing balance indicates.


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