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/-
- 15 Answers
- 16469 Views
- Genpact, I also Faced
- E-Mail Answers
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 |
what quick books how to prepare
how to entery pass in tally when items damage(items insured)and claim to insurance co.
Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000
EXPAND_________VTPS
What is DPS? How to calculate to DPS?
Expand---------EDP
Data flow of Accounts payable to General ledger?
what is derivative?
8 Answers Bank Of America, FactSet Systems,
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
what is meant by transposition error
what is trail balance ?
17 Answers Granites, Syndicate Bank,
How to enter every month employees salaries in P&L a/c and why we use JOURNAL VOUCHER for salaries?
Audit 
