The opening Capital of a concern is Rs.30000/-
owner withdral for personal use Rs.28000/-
Closing capital balance of concern is Rs.37000/-
choose the correct answer from the following.
1.Net Loss Rs.14000/-
2.Net Profit Rs.35000/-
3.Net profit Rs.14000/-
4.Net Loss Rs.35000/-
Answers were Sorted based on User's Feedback
Answer / megha arora
Closing Capital-37000
-Opening Capital-30000
+Withdrawla-28000
Net profit-35000
Is This Answer Correct ? | 47 Yes | 2 No |
Opening capital--------30000
Add Net Profit---------35000
Less Withdrawl---------28000
Closing Capital--------37000
Is This Answer Correct ? | 41 Yes | 11 No |
Answer / syed razvi
Liability Asset
Capital 30000 Current Asset 37000
Drawings (28000)
------- 2000
Net Profit 35000
----- -----
37000 37000
===== =====
There Correct Answer Is Net Profit Rs. 35000/-
Is This Answer Correct ? | 17 Yes | 2 No |
Answer / saikiran
captial at the end of the year xxx
Add:Drawings made during the year xxx
less: Further capital introduced xxx
less: Capital at the begining of
the year. xxx
profit/loss during the year
37000+28000-30000=35000 profit.
Is This Answer Correct ? | 7 Yes | 0 No |
Answer / shiva kumar
Opening Capital of the concern 30000
Less Withdrawal for personal use 28000
Total 2000
Add Net Profit 35000
Closing balance of the concern Total 37000
Is This Answer Correct ? | 6 Yes | 1 No |
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