If opening capital is Rs. 60,000, drawin | Class 11 Accountancy Chapter Accounts from Incomplete Records, Accounts from Incomplete Records NCERT Solutions

Question:

If opening capital is Rs. 60,000, drawings Rs. 5,000, capital introduced during the period Rs. 10,000, closing capital Rs. 90,000. The value of profit earned during the period will be :

  (a) Rs. 20,000            (b) Rs. 25,000
  (c) Rs. 30,000            (d) Rs. 40,000

Answer:

(b) Rs. 25,000


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Welcome to the NCERT Solutions for Class 11 Accountancy - Chapter . This page offers a step-by-step solution to the specific question from Excercise 20 , Question 4: If opening capital is Rs. 60,000, drawings Rs. 5,000, capital introduced during the period Rs. 10,00....