General reserves of S. Ltd. is $R s . 70, 000$ . Profit Loss a/c of S Ltd. o $31 - 3 - 96$ is $R s . 55, 000$ , Revenue Profit is $R s . 30, 000$ . Calculate capital Profit.

R s . 45, 000

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R s . 95, 000

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R s . 1, 55, 000

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R s, 15, 000

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Solution

The correct option is A $R s . 95, 000$
Calculation of Capital Profit = General Reserve + Profit for the year - Revenue Profit
= 70000 + 55000 - 30000
= Rs 95000

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General reserves of S. Ltd. is Rs.70,000. Profit Loss a/c of S Ltd. o 31−3−96 is Rs.55,000, Revenue Profit is Rs.30,000. Calculate capital Profit.

The correct option is A Rs.95,000Calculation of Capital Profit = General Reserve + Profit for the year - Revenue Profit = 70000 + 55000 - 30000= Rs 95000

General reserves of S. Ltd. is $R s . 70, 000$ . Profit Loss a/c of S Ltd. o $31 - 3 - 96$ is $R s . 55, 000$ , Revenue Profit is $R s . 30, 000$ . Calculate capital Profit.

The correct option is A $R s . 95, 000$
Calculation of Capital Profit = General Reserve + Profit for the year - Revenue Profit
= 70000 + 55000 - 30000
= Rs 95000