Question

money
Calculate the capital at the beginning of the you
capital at the end the year35000
Drawings chrings the year5000
Capital introduced doing the year2500profit during the year10000​

Answer 1

Answer:

Calculate the Profit or Loss for the year. ... the end. 90,000. Add: Drawings. 5,000. 95,000. Less: Additional Capital Introduced. (10,000) ... Opening Capital − ₹ 1,30,000 Drawings during the year ₹ 50,000

Explanation:

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Answer 2

Answer:

Profit = Rs.15000

Explanation:

In case there is no double entry system is followed, profit can be calculated by comparing the opening and closing capital. In the given situation this can be calculated as:

Opening Capital Rs.50000

Add: Capital Introduced Rs.5000

Add: Profit for the year Rs. XXXX

Less: Drawings Rs. 10000

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Capital at the end of the year Rs. 60000

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Profit= Closing Capital+Drawings -Profit for the year-Capital introduced-Opening Capital

=Rs.60000+Rs.10000-Rs.XXXX-Rs.5000-Rs.50000