Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 19924 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 is the Journal Entry for Prepaid Expenses and OutStanding Salary?
I PURCHASE A GOODS FROM OUTSIDE STATE WORTH RS.50000 & PAY FREIGHT RS.5000 PAY 2% C.S.T RS.1000 INVOCE VALUE SHOWN TOTAL=56000 ST-38 FORM VALUE RS.56000. DOES WE INCULDE THE FREIGHT ENTRY. WHAT ENTRY WE WILL DO. PLEASE
3 Answers Bank Of America, JPMorgan Chase,
What is meant by advance ruling? What is the scheme of advance rulings?
EXPAND_________SEWAS
What is suspense a/c in balance ?
what is bank rate
i have one question.when using fbra for reset clearing,message exchange rate different was posted and i have do reversalon the same time using fb08 but unfortunately i' m not authorize to use this transaction.my collegue only have.so how should i do.please advise
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above
what is the adjusting entry for wages posted twice?
let me know the difference between statement of affairs and balance sheet
what is the benifit of deprecation in the case of provision of depre.
what is the deffered expenditure
Audit 
