accounts from i...

Opening capital Rs. 20,000,
Closing Capital Rs. 10,000,
Profit during the year Rs. 5,000,
Additional Capital introduced Rs. 1,000,
Drawings will be _________.

Which of the following is correct?

Which of the following is correct?

Fixed Assets = Rs. 5,50,000, Currecnts assets = Rs. 2,25,000, Current liabilities = Rs. 1,50,000, bank loan = Rs. 1,75,000. Capital =?

Balance of interest on calls-on-advance account is transferred to the ___________ at the end of the year.

A person started a business with capital of $$50,000$$ and he takes loan from his relative Rs. $$5,000$$. Profit for the year is Rs. $$10,000$$ and drawings Rs. $$9,000$$. What will be the amount of closing capital?

Opening balance of debtors is Rs. $$35,000$$ cash received from Debtors is Rs. $$30,000$$ cash sales Rs. $$20,000$$ which is $$20\%$$ of total sales. B/R Received for Rs. $$40,000$$ and discount allowed is $$1\%$$ of cash collection. Find the net debtor balance.

Closing capital Rs. 20,000, Loss during the year Rs. 1,000, Drawings Rs. 3,000, Additional capital introduced Rs. 4,000, Opening Capital will be _________.

Profit = Capital at the end+______- Capital introduced - Capital in the beginning.