Question

19.
Sri Ram maintain books on single entry system. He gives you
the following information
Capital on 1.1.2018 Rs.30,400
Drawings made during the year Rs.9,600
Capital on 31.12.2018 Rs.33,800
Capital introduced during the year Rs.4,000.
You are required to calculate the profit made by Sri. Ram during
the year 2018.​

Answer 1

Answer:

capital at the end. : 33800

(+) drawings. : 9600

43400

(-)capital introduced : 4000

adjusted capital : 39400

(-)capital @ beginning : 30400

profit of the year 9000

Explanation:

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