Question

Rohan does not keep proper records of his business he gives the following information; opening capital rupees 1,00,000 closing capital rupees 1,25,000 drawings during the year 30,000 additional capital 37,000 calculate the profit or loss for the year​

Answer 1

Answer:

Closing capital. = 125000

(+) drawings =. 30000

(-) additional capital. = 37000

(-) opening capital = 100000

profit. = 18000

Answer 2

Closing capital = 125000

(+) Drawings = 30000

(-) Additional capital = 37000

(-) Opening capital = 100000

Profit = 18000