Question

5. If capital at the end of the
year is 40,000: capital
introduced during the year Rs.
.
30,000; drawings 20,000 and
Capital at the beginning of the
year was 90,000 then result
will be:

Answer 1

Answer:

Statement of Profit or Loss for the year ended

Particulars - Amount (Rs)

Capital at the end of the year - 40,000

Add: Drawings made during the year - 20,000

Less: Additional capital introduced during the year - 30,000

Adjusted capital at the end of the year - 30,000

Less: Capital in the beginning of the year (Balancing Figure) - (90,000)

Net Loss - (60,000)

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