Question

Questom 13. Deformine the missing amounts on the basis of the Accouning Equation
Closing
Drawings Proflt Excess Capital
Capla
during the
withdrawn
during the
during the year
Openng
Capita
2
BLODO
89.500
2200
44.556
96,587
1
4 40 000
3.92543
BO 000
2
110.000
09 554
456
[7.440)
2
40 000
5.BOLDOO
9 98345
1.49 450​

Answer 1

Answer:

your answer is

To ascertain the profit, closing capital is to be adjusted by deducting opening capital and adding drawings.

Below is the example:

Opening Capital               Rs.30000

Drawings                           Rs.5000

Closing Capital                 Rs.50000

Solution:

Closing Capital                Rs.50000

Add: Drawing                  Rs.  5000

                                         ----------------

                                         Rs.55000

Less: Opening Capital    Rs.30000

                                         ---------------

Profit during the year      Rs.25000

                                        -----------------

hope it helps you

Answer 2

Answer:

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