Ariund does not kup proper records of his business ,
he giver you the following information
Opening Capital :2,00,000
Closing Capital :2;50;000
Drawings during the year : 60;000
Capital added during the year : 75;000
Calculate profit or loss of the year.
Answers
Answered by
2
Answer:
Profit = closing capital ,+ drawing - additional capital - opening capital
= 250000+60000-75000-200000
= 35000
Answered by
2
Profit = closing capital + drawing - additional capital - opening capital
= 2,50,000 + 60,000 - 75,000 - 2,00,000
= 35,000
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