Question

Question No. 9
• A sole trader began the
accounting period with Rs.50, 000 in
owner's capital, ended with Rs.75,000
in owner's capital, and the owner
withdrew Rs.30,000 during the period
for personal use. What was the
company's net income or loss for the
period?
Answer
A. Rs.55,000 net income
B. Rs.30,000 net loss
C. Rs.5,000 net loss
D. Rs.5,000 net income​

Answer 1

Answer:

Rs30, 0000 because he withdrew Rs 30,000