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 Posted / balakrishna
opening balance 30000 debit side
closing balance 37000 credit side
drawings 28000 credit side
difference in balance 35000 is a profit...
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