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
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
CBSE 11-commerce - Accountancy Part II
Asked by Topperlearning User | 01 Jul, 2016, 03:14: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part II
Asked by Topperlearning User | 01 Jul, 2016, 03:14: PM
ANSWERED BY EXPERT