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CBSE Class 11-commerce Answered

From the following information, find out profit: Capital at the end of the year Rs.5,00,000 Capital in the beginning of the year Rs.7,50,000 Drawings made during the period Rs.3,75,000 Additional capital introduced Rs.50,000
Asked by Topperlearning User | 01 Jul, 2016, 03:14: PM
answered-by-expert Expert Answer

Profit =Closing Capital + Drawing - Opening Capital - Capital Introduced

 =5,00,000 + 3,75,000 - 7,50,000 - 50,000

 = Rs.75,000

Answered by | 01 Jul, 2016, 05:14: PM
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