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Mohan started a business on 1st April 2018 with a capital of rupees 10,000 and borrowedrupees 300 from from a friend hi on a profit of 5,000 during the year and of 31st March 2019 and withdraw cash of 4000 for personal use what his capital on 31st March 2019?
Most Upvoted Answer
Mohan started a business on 1st April 2018 with a capital of rupees 10...
Capital on 1st April 2018:
Mohan started his business on 1st April 2018 with a capital of rupees 10,000.

Borrowed Capital:
Mohan borrowed rupees 300 from a friend as additional capital.

Profit earned during the year:
During the year, Mohan earned a profit of rupees 5,000.

Withdrawal of cash for personal use:
Mohan withdrew rupees 4,000 from the business for personal use.

Calculation of Capital on 31st March 2019:
To calculate Mohan's capital on 31st March 2019, we need to consider the following:

1. Initial capital:
- Mohan started with a capital of rupees 10,000 on 1st April 2018.

2. Additional capital:
- Mohan borrowed rupees 300 from his friend, which is considered as additional capital.

3. Profit earned:
- Mohan earned a profit of rupees 5,000 during the year.

4. Withdrawal of cash:
- Mohan withdrew rupees 4,000 from the business for personal use.

Calculating the capital:
To calculate Mohan's capital on 31st March 2019, we need to add the initial capital, additional capital, and the profit earned, and then subtract the cash withdrawal.

Capital on 1st April 2018: rupees 10,000
Additional capital: rupees 300
Profit earned: rupees 5,000
Withdrawal of cash: rupees 4,000

Capital on 31st March 2019 = (Capital on 1st April 2018 + Additional capital + Profit earned) - Withdrawal of cash
= (10,000 + 300 + 5,000) - 4,000
= 15,300 - 4,000
= rupees 11,300

Conclusion:
Mohan's capital on 31st March 2019 is rupees 11,300.
Community Answer
Mohan started a business on 1st April 2018 with a capital of rupees 10...
Capital 10000+5000-4000
Liabilities= 300
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Mohan started a business on 1st April 2018 with a capital of rupees 10,000 and borrowedrupees 300 from from a friend hi on a profit of 5,000 during the year and of 31st March 2019 and withdraw cash of 4000 for personal use what his capital on 31st March 2019?
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Mohan started a business on 1st April 2018 with a capital of rupees 10,000 and borrowedrupees 300 from from a friend hi on a profit of 5,000 during the year and of 31st March 2019 and withdraw cash of 4000 for personal use what his capital on 31st March 2019? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Mohan started a business on 1st April 2018 with a capital of rupees 10,000 and borrowedrupees 300 from from a friend hi on a profit of 5,000 during the year and of 31st March 2019 and withdraw cash of 4000 for personal use what his capital on 31st March 2019? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mohan started a business on 1st April 2018 with a capital of rupees 10,000 and borrowedrupees 300 from from a friend hi on a profit of 5,000 during the year and of 31st March 2019 and withdraw cash of 4000 for personal use what his capital on 31st March 2019?.
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