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Calculate the capital introduced by Madhu (proprietor) as on 01.04.2020. (a) Loss during the year = Rs. 1,50,000 (b) Drawings made during the year = Rs. 3,60,000 (c) Capital introduced on 31.05.2020 = Rs. 1,00,000 (d) Total equity on 31.03.2021 were = Rs 6,60,000 (e) Creditors equity on 31.03.2021 were = Rs. 1,20,000?
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Calculate the capital introduced by Madhu (proprietor) as on 01.04.202...
Calculation of Capital Introduced by Madhu (Proprietor) as on 01.04.2020

Given Data:
- Loss during the year = Rs. 1,50,000
- Drawings made during the year = Rs. 3,60,000
- Capital introduced on 31.05.2020 = Rs. 1,00,000
- Total equity on 31.03.2021 were = Rs. 6,60,000
- Creditors equity on 31.03.2021 were = Rs. 1,20,000

Calculation:

1. Initial Capital (as on 01.04.2020) = ?
2. Additional Capital introduced on 31.05.2020 = Rs. 1,00,000
3. Loss during the year = Rs. 1,50,000
4. Drawings made during the year = Rs. 3,60,000

Step 1: Calculation of Initial Capital (as on 01.04.2020)
Initial Capital (as on 01.04.2020) = Total equity on 31.03.2021 - Additional Capital introduced on 31.05.2020 - Loss during the year + Drawings made during the year

Initial Capital (as on 01.04.2020) = Rs. 6,60,000 - Rs. 1,00,000 - Rs. 1,50,000 + Rs. 3,60,000
Initial Capital (as on 01.04.2020) = Rs. 9,70,000

Step 2: Calculation of Capital Introduced by Madhu (Proprietor) as on 01.04.2020
Capital Introduced by Madhu (Proprietor) as on 01.04.2020 = Initial Capital (as on 01.04.2020) - Drawings made during the year

Capital Introduced by Madhu (Proprietor) as on 01.04.2020 = Rs. 9,70,000 - Rs. 3,60,000
Capital Introduced by Madhu (Proprietor) as on 01.04.2020 = Rs. 6,10,000

Summary:
The capital introduced by Madhu (proprietor) as on 01.04.2020 is Rs. 6,10,000. This is calculated by subtracting the total drawings made during the year from the initial capital on 01.04.2020, which is derived using the given information of additional capital introduced on 31.05.2020, loss during the year, and the total equity on 31.03.2021.
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Calculate the capital introduced by Madhu (proprietor) as on 01.04.2020. (a) Loss during the year = Rs. 1,50,000 (b) Drawings made during the year = Rs. 3,60,000 (c) Capital introduced on 31.05.2020 = Rs. 1,00,000 (d) Total equity on 31.03.2021 were = Rs 6,60,000 (e) Creditors equity on 31.03.2021 were = Rs. 1,20,000?
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Calculate the capital introduced by Madhu (proprietor) as on 01.04.2020. (a) Loss during the year = Rs. 1,50,000 (b) Drawings made during the year = Rs. 3,60,000 (c) Capital introduced on 31.05.2020 = Rs. 1,00,000 (d) Total equity on 31.03.2021 were = Rs 6,60,000 (e) Creditors equity on 31.03.2021 were = Rs. 1,20,000? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Calculate the capital introduced by Madhu (proprietor) as on 01.04.2020. (a) Loss during the year = Rs. 1,50,000 (b) Drawings made during the year = Rs. 3,60,000 (c) Capital introduced on 31.05.2020 = Rs. 1,00,000 (d) Total equity on 31.03.2021 were = Rs 6,60,000 (e) Creditors equity on 31.03.2021 were = Rs. 1,20,000? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate the capital introduced by Madhu (proprietor) as on 01.04.2020. (a) Loss during the year = Rs. 1,50,000 (b) Drawings made during the year = Rs. 3,60,000 (c) Capital introduced on 31.05.2020 = Rs. 1,00,000 (d) Total equity on 31.03.2021 were = Rs 6,60,000 (e) Creditors equity on 31.03.2021 were = Rs. 1,20,000?.
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