Question
If opening capital is Rs 16,500, closing capital is Rs 11,350 and drawings were Rs 3,300, what is the amount of profit or loss made during the year?
Answer: Option D
:
D
Loss = Opening Capital - Drawings - Closing Capital
Loss = 16,500-3,300-11,350 = Rs 1,850
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:
D
Loss = Opening Capital - Drawings - Closing Capital
Loss = 16,500-3,300-11,350 = Rs 1,850
Was this answer helpful ?
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