Answer:
Profits = ₩10,000
Closing Capital = ₩40,000
Explanation:
Let's note down the given information at first.
- Opening capital = ₩30,000
- Worth of assests after 1 year = ₩50,000
- Liabilities = ₩10,000
Now,
Profits
= (Worth of assets after 1 year - Liabilities) - Opening capital
= (₩50,000 - ₩10,000) - ₩30,000
= ₩10,000
Next, let's find the closing capital
= Assets - Liabilities
Assets ₩50,000
Liabilities ₩10,000

Closing capital ₩40,000

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