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 / 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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