Pankaj maintains his books of account on Single Entry System
Pankaj maintains his books of account on Single Entry System. He provides following information from his books. Find out additional capital introduced in the business during the year 2022-23.
Opening Capital – ₹ 1,30,000
Drawings during the year – ₹ 50,000
Closing Capital – ₹ 2,00,000
Profit made during the year – ₹ 1,00,000.
[Additional Capital – ₹ 20,000.]
Anurag Pathak Changed status to publish January 10, 2024
