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Mohan started a business on 1st April, 2017 with a capital of Rs. 10,000 and borrowed Rs. 3,000 form a friend. He earned a profit of Rs. 5,000 during the year ended 31st March, 2018 and withdrew cash R 4,000 for private use. What is his capital on 31st March, 2018 ?
 

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Mohan Started the Business a. Capital on 31st March 2018 

= Capital on April 01,2017 + Profit – Drawings 

= Rs.10,000 + Rs.5,000 – Rs.4,000 

= Rs.11,000 

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