Question

Double Entry Book Keeping - CBSE XI
(b) In the above case, if the proprietor had invested * 5,000 as additional capital and
withdrawn 2,000, what will be your answer?
hin business 33,000 for personal use, find out the profit in this case.
(n) Profit 12,000.]​

Answer 1

Answer:

Closing Capital = 59,000

Explanation:

Opening Capital = Closing Capital + Drawings - Additional Capital

   = 59,000 + 5,000 - 2,000=62,000