Sarthaks Test
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Mohan stared a business on 1st April 2014 with a capital of Rs.25,000 and a loan of Rs.12,500 borrowed from Shyam. During 2014-15 he had introduced additional capital of Rs.12,500 and had withdrew Rs.7,500 for personal use. On 31st March 2015 his assets were Rs.75,000. Find out his capital as on 31 March,2015 and profit made or loss incurred during the year 2014 – 15.

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Capital on March 31,2015 = Assets - Loan from shyam

= Rs.75,000 - 12,500

= Rs.62,500

Profit (or Loss) during the year 2014-15

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