Question 12 Marks
Following information of an accounting year is given: Opening Capital as on 31.03.2017 ₹ 62,000;
Drawings ₹ 5,000 Additional Capital added during the year ₹ 9,000 and Closing Capital as on
31.03.2018 ₹ 50,000
Calculate the Profit or Loss for the year ended 31st March, 2018
Drawings ₹ 5,000 Additional Capital added during the year ₹ 9,000 and Closing Capital as on
31.03.2018 ₹ 50,000
Calculate the Profit or Loss for the year ended 31st March, 2018