Question

capital at the end of the year rs 500000 capital in the beginning of the year rs 750000 drawing made during the period rs 375000 additional capital introduced rs 50000 . find out the profit​

Answer 1

Answer:

Opening capital = 500000

- drawings. = 375000

+ additional capital = 50000

- closing capital.= (750000)

Profit. =. 575000

Answer 2

Profit for the year is 5,75,000

Explanation:

Given:

Capital at the end of the year = 5,00,000

Capital in the beginning of the year = 7,50,000

Drawing = 3,75,000

Additional capital = 50,000

Computation of profit:

Particular                       Amount

Opening capital          5,00,000

Less: Drawing             3,75,000

                                     1,25,000

Add: Additional             50,000

                                      1,75,000

Less: Closing capital   (750000)

Profit                            5,75,000

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