Business Studies, asked by sgurwinder214, 10 months ago

How to calculate capital drawn of a business when opening and closing capital and net profit is given?

Answers

Answered by triloksharma040

Answer:Opening capital -closing capital + net profit = Drawings

Explanation: in the balance sheet we find closing capital such as opening capital -drawings +net profit. So this formula it is possible to calculate drawings as above formula.

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