sri baruah stared business with a capital of Rs 20000 maintain his book under single entry system. (1) capital at the end of the year 30000
(2) withdrawals during the year Rs 4000
(3) freshed capital during the year Rs 5000
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Profit a/c
Closing capital 30000
Add: -drawing 4000.
Less: -op. Capital (20000)
Less: -additional (5000)
capital
Net profit 9000
Closing capital 30000
Add: -drawing 4000.
Less: -op. Capital (20000)
Less: -additional (5000)
capital
Net profit 9000
harsh317:
No that's my solving style
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