Sarthaks Test
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Capital of Ganesh Gupta in the beginning of the year was Rs.70,000. During the year his business earned a profit of Rs.20,000. He withdrew Rs.7,000 for his personal use. He sold ornaments of his wife for Rs.20,000 and invested that amount into the business. Find out his Capital at the end of the year.

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Capital at the end of the year

= Opening Capital + Additional Capital + Profit – Drawings

= 70,000 + 20,000 + 20,000 – 7,000

= Rs.1,03,000

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