Accountancy, asked by sayambothra16, 4 months ago

If value of opening capital is 5lakh, profit earned is 20000 during the year, liabilities at the end of the year is Rs 10 Lakh. What will be value of assets at the end of the year?

Answers

Answered by aloksahcs

2

Answer:

Calculation of drawings =

Opening capital + Additional capital + Profit - Closing capital

= 20000 + 1000 + 5000 - 10000

= 16000

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