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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 Posted / 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 |
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