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Geeta commenced business on 1st April 2015 with a capital Rs. 100000. On 31st March, 2016 her assets worth Rs. 195000 and liabilities of Rs. 70000. Find her capital at the end of the year and profit earned during the year |
| Answer» CLOSING Capital = 1,25,000 & Profit Earned is 25,000Explanation:Closing Capital = Closing ASSETS - Closing liabilitiesClosing capital = 195000 - 70000 = 1,25,000Profit Earned = Closing capital - Opening Capital = 1,25,000 - 1,00,000 = 25,000Hope this helps you dear :)Mark as BRAINLIEST | |