3)
Opening Capital R60000 Drawings R35000:
Capital added during the year Rs10,000, and Closing Capital R$90000. Calculate the Profit or loss of the year
you the following information
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AnswEr :
It needs formula to solve such problems.
- Formula
★ Profit = Opening capital + Drawing - Additional capital - closing capital
- Put the values
→ Profit = 60000 + 35000 - 10000 - 90000
→ Profit = 95000 - 100000
→ Profit = - 5000
Answer came in minus. Its means the business suffer from loss.
•°• Loss = Rs.5000
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