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Mahesh started a business with a capital of Rs. 15,000 on 1st April, 2017. During the year, he made a profit of Rs. 3,000. He owes Rs. 2,500 to suppliers of goods. What is the total of assets in his business on 31st March, 2018 ?

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Mahesh Started the Business

Total Assets on 31st March 2018 

= Capital on April 01, 2017 + Profit + Creditors
= Rs.15,000 + Rs.3,000 + Rs.2,500 = Rs.20,500

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