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 / megha arora
Closing Capital-37000
-Opening Capital-30000
+Withdrawla-28000
Net profit-35000
Is This Answer Correct ? | 47 Yes | 2 No |
Post New Answer View All Answers
Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question
tell me about roll model as father
why cost center is assign to gl account in sap
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?
what are the suggestions to control NPA in rural areas?
what is mean by ledger
deffered tax treatment in financial statements
Expand---------SDRT?
what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process
what is Rectification of Errors ?
please specify some books name in preparing a bank exam apttirutude questions
which Electrical items is Exciseible
EXPAND___________IMA
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry