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#### Question 13:

From the following particulars, prepare the proprietor's Capital Account:

 ` 1st April, 2020 − Commenced business with cash 2,00,000 31st March, 2021 − Net Loss as per Profit and Loss Account 18,000 31st March, 2021 − Drawings during the period 15,000

Balance the same and explain what the closing balance indicates.

 Capital Account Dr. Cr. Date Particulars J.F. Amount (`.) Date Particulars J.F. Amount (`.) 2021 2020 March 31 Profit and Loss A/c (Net Loss) 18,000 April 01 Cash 2,00,000 March 31 Drawings 15,000 March 31 Balance c/d 1,67,000 2,00,000 2,00,000

#### Question 14:

From the following particulars, prepare the proprietor's Capital Account:

 2013 ` April 1 Started business with 45,000 May 10 Withdrew from business for personal use 10,000 July 15 Further Capital introduced 55,000 Nov. 30 Income tax paid 5,000 2014 Mar. 31 Profit for the year 30,000

 Proprietor’s Capital Account Dr. Cr. Date Particulars Amount (`) Date Particulars Amount (`) 2013 2013 Mar.10 Drawings A/c 10,000 Apr.01 Cash A/c 45,000 Nov.30 Drawings A/c ( Income Tax) 5,000 July 15 Cash A/c 55,000 2014 2014 Mar.31 Balance c/d 1,15,000 Mar.31 Profit and Loss A/c 30,000 1,30,000 1,30,000

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