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 / satyanarayana raju

Opening capital--------30000
Add Net Profit---------35000
Less Withdrawl---------28000
Closing Capital--------37000

Is This Answer Correct ?    41 Yes 11 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is Ratio Analysis ?

1821


How to enter PO in SAP

1462


What exactly is derivatives segment. can u explain futures and options with examples...

2206


whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account

1867


what are responsibilities of an accountant in a company?

1777






What is meant by Revenue Loss

1624


what are the content of purchase order?

1641


can payorder be issued for outstation?if yes then how?should it be account payee?

1859


What are direct income and indirect income

1573


Expand---------PCDB

1591


what is the process of excise duty?

2042


what is the organisation chart for accounting and finance ?

1931


CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c

1038


Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .

1749


respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...

1578