Advertisements
Advertisements
Question
From the following details, calculate the missing figure:
| Particulars | ₹ |
| Capital as on 1st April, 2018 | 40,000 |
| Capital as on 31st March, 2019 | 50,000 |
| Additional capital introduced during the year | 7,000 |
| Profit for the year | 8,000 |
| Drawings during the year | ? |
Ledger
Advertisements
Solution
Statement of Profit or Loss
| Particulars | ₹ |
| Closing capital | 50,000 |
| (+) Drawings | 5,000 |
| 55,000 | |
| (−) Additional capital | 7,000 |
| Adjusted capital | 48,000 |
| (−) Opening capital | 40,000 |
| Profit | 8,000 |
shaalaa.com
Is there an error in this question or solution?
