Question

A business had net assets at 1 January and 1 point
31December 2012 of Rs.75,600 and
Rs.73,800 respectively. During the year,
the proprietor introduced additional capital
of Rs. 17700 and withdrew cash and goods
to the value of Rs.16300.What profit or loss
was made by the business in 2012
O Rs.3200 Profit
Rs.3000 Profit
O Rs.3000 Loss
Rs.3200 Loss​

Answer 1

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