Ramesh does not maintain the proper records of his business, he gives you the following information:

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
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