Accountancy, asked by sujit8013, 3 months ago

Following are the balances in trial balance
Capital = 100,000
Drawings= 1000
additional information
Gross profit amounting to Rs 2000
Net profit amounting to Rs 8000
Interest on capital @10%
Calculate the final amount that appear on liability side of the balance sheet

Answers

Answered by akshaya9576

0

Explanation:

Liability. ₹

capital 1,00,000

add : interest on capital 10,000

net profit. 8000. 18,000

less: drawings. 1,000

1,19,000

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