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777dan777 [17]
2 years ago
8

Started business whit cash Rs 250000 and Machinery Rs 200000Accounting equation ​

Mathematics
2 answers:
oksano4ka [1.4K]2 years ago
7 0

\huge\purple{Answer}

In case there is no double entry system is followed, profit can be calculated by comparing the opening and closing capital. In the given situation this can be calculated as:

Opening Capital Rs.200000

Add: Capital Introduced Rs.200000

Add: Profit for the year Rs. 250000

Less: Loss for the year Rs.NIL

Less: Drawings Rs. 30000

--------------------

Capital at the end of the year Rs.620000

-------------------

Loan taken is a liability and loan given is asset, that will not affect the capital.

<h2>ƑƠԼԼƠƜ MЄ❤</h2>
Rina8888 [55]2 years ago
7 0
Ya sorry but I have no idea
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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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