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Question
From the following particulars ascertain profit or loss:
| Particulars | ₹ |
| Capital at the beginning of the year (1st April, 2018) | 5,00,000 |
| Capital at the end of the year (31st March, 2019) | 8,50,000 |
| Additional capital introduced during the year | 1,20,000 |
| Drawings during the year | 70,000 |
Ledger
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Solution
Statement of Profit or Loss
| Particulars | ₹ |
| Closing capital | 8,50,000 |
| (+) Drawings | 70,000 |
| 9,20,000 | |
| (−) Additional capital | 1,20,000 |
| Adjusted capital | 8,00,000 |
| (−) Opening capital | 5,00,000 |
| Profit | 3,00,000 |
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