CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Balance Sheet

Net profit in...

Question

Net profit increases the capital and net loss ______ it.

A

Increases

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Decreases

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Does not change

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

All of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Decreases

Net profit increases the capital and net loss decreases it.

Suggest Corrections

thumbs-up

0

Similar questions

Particulars	Rs.
Opening capital	$16, 000$
Investment by proprietor	Nil
Drawings	$3, 000$
Capital at the end	$13, 500$
Net Profit/(Loss)	?

The net profit will be.

Particulars	Rs.
Opening capital	$16, 000$
Investment by proprietor	Nil
Drawings	$3, 000$
Capital at the end	$13, 500$
Net Profit/(Loss)	?

If in the given information, Net Loss is Rs.

1, 000

, then the investment made by the proprietor during the year will be _______________.

Q. K and A are partners in a firm. They share profits and losses in the ratio of

4 : 1

. They decide to dissolve the firm K Capital - Rs

1, 60, 000

, A Capital - Rs

1, 00, 000

, Total assets - Rs

3, 95, 000

, Total liabilities - Rs

1, 35, 000

. On dissolution assets realized Rs

4, 25, 000

& liabilities settled at Rs

1, 10, 000

. Net profit or loss on realization = ?

Q. A firm has Capital of 10,60,000; Sales of 5,00,000; Gross Profit of 2,00,000 and Expenses of 1,00,000. What is the Net Profit Ratio?

Q. K and A are partners in a firm. They share profits and losses in the ratio of 4:1. They decide to dissolve the firm. K Capital - Rs. 1,60,000, A Capital - Rs. 1,00,000, Total assets - Rs. 3,95,000, Total liabilities - Rs. 1,35,000. On dissolution assets realized Rs. 3,50,000 & liabilities including unrecorded liability settled at Rs. 1,50,000. Net profit or loss on realization = ?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Balance Sheet

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon