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Question
From the following details, calculate the capital as on 31st December 2018.
| Particulars | ₹ |
| Capital as on 1st January, 2018 | 1,00,000 |
| Goods withdrawn for personal use by the owner | 30,000 |
| Additional capital introduced during the year | 15,000 |
| Profit for the year | 60,000 |
Ledger
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Solution
Statement of Profit or Loss
| Particulars | ₹ |
| Closing capital | 1,45,000 |
| (+) Drawings | 30,000 |
| 1,75,000 | |
| (−) Additional capital | 15,000 |
| Adjusted capital | 1,60,000 |
| (−) Opening capital | 1,00,000 |
| Profit | 60,000 |
shaalaa.com
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