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/-

Answer Posted / swati kumari pattnaik

3.Net Profit Rs.35000/-

Is This Answer Correct ?    19 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is COVER payment?

2211


What Is The Limitation Of Remuneration Allowed If Book Profit Is 375850 In A Business Firm And In A Professional Firm?

1667


What z d diff of accounting principle,accounting standard,accounting rules,accounting procedures,accounting concepts??????

1878


what is the difference between financial accouning and financial management?

1720


What is the procedure to take loan

1687






what is the meaning of Processing Vendor/Employee payments

2399


who introduces the single entry format?

1553


What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?

2075


sort out the difference between service provider & service reciepient from the service tax.

1639


Anyone whose sbi interview has been over , please share all the question asked by them

1502


outstanding expenses, prepaid or unexpired expenses

3511


Why does one need a broker?

1815


Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com

1964


Mention some of the major contributions made by you in your present and previous jobs

5618


with out college degree con't we dc accounting job?

1588