Atul does not keep proper records of his business. He gives you the following information: Opening Capital ₹ 2,00,000
Atul does not keep proper records of his business. He gives you the following information:
Calculate profit or loss for the year.
[Ans. Profit ₹ 35,000.]
Solution:-
| ₹ | |
| Opening Capital | 2,00,000 |
| Closing Capital | 2,50,000 |
| Drawings made during the year | 60,000 |
| Capital added during the year | 75,000 |
Anurag Pathak Answered question
