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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/-
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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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