Following information of an accounting year is given Opening Capital ₹ 60,000; Drawings ₹ 5,000

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Anurag Pathak24.26K January 10, 2024 0 Comments

Following information of an accounting year is given:

Opening Capital ₹ 60,000; Drawings ₹ 5,000; Capital added during the year ₹ 10,000 and Closing Capital ₹ 90,000. Calculate the Profit or Loss for the year.

[Profit – ₹ 25,000.]

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Anurag Pathak24.26K Posted January 10, 2024 0 Comments

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