Capital as on 1.4.05 Rs 90,000, capital 1 point
Introduced Rs 25,000, Drawings
made Rs 35,000 Capital as on
31.03.2006 Rs 1,25,000, What is the
amount of profit added to the capital
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Answer:
Rs. 55,000
Explanation:
capital on 1-4-05 = Rs. 90,000
+ introduced capital= Rs 25,000
total capital ( 90,000 + 25,000) = 105,000
- Drawings. = 35,000
total capital ( 105,000 - 35,000) = 70,000
capital as on 31-3-2006 = 125,000
therefore, profit = (125,000 -70,000) = 55,000
so profit is Rs. 55,000
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