Calculate drawings from the followings :- 1. Started business with ₹ 5,00,000 2. Capital at the end ₹ 6,00,000 3. Further capital introduced ₹ 1,00,000 4. Profit for the year ₹ 70,000
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Statement of Profit or Loss
Particulars
Amount
(Rs)
Capital at the end
90,000
Add: Drawings
5,000
95,000
Less: Additional Capital Introduced
(10,000)
Adjusted Capital at the end
85,000
Less: Capital in the beginning
60,000
Net Profit for the year
25,000
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