Ramesh does not maintain the proper records of his business, he gives you the following information:
Ramesh does not maintain the proper records of his business, he gives you the following information:
| Particulars | ₹ |
| Opening Capital | 1,00,000 |
| Closing Capital | 1,25,000 |
| Drawings during the year | 30,000 |
| Capital added during the year | 37,500 |
Calculate the profit or loss for the year.
[Profit = ₹ 17,500.]
Anurag Pathak Changed status to publish January 10, 2024
