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 / goutam
Net profit Rs.35000/-
Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
what do you mean indirect expanse in trading business?
institutional investors?
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
what are the steps used in UAT in Oracle Apps?
my qustion is what is H foam and where use
Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.
Expand---------PSRT
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
Distinguish capital and Revenue receipts
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI
send me accounting test ppaers
what is Calculation of Depreciation for 4 to 5 Years?
write about an e-mail to manager seeking permission for leave
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
What will be entry pass in tally if TDS paid by Credit Card.?