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.

Rs.

600

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Rs.

500

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Rs.

550

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Rs.

700

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Solution

The correct option is C Rs. $500$
$O p e n i n g C a p i t a l + P r o f i t + I n v e s t e d b y p r o p r i e t o r - D r a w i n g s = C l o s i n g C a p i t a l$
$R s .16000 + P r o f i t + N I L - R s .3000 = R s .13500$
$R s .13000 + P r o f i t = R s .13500$
$P r o f i t = R s .13500 - 13000$
$P r o f i t = R s .500$ .

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Similar questions

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. Capital = Rs. 1,20,000, Drawings = Rs. 10,000, Net profit = Rs. 10,000.
Net capital will be ______, which is shown in the balance sheet.

A, B and C started a business in partnership by investing Rs. 18000. At the end of a year, A, B and C received Rs. 700, Rs. 500 and Rs. 600 respectively as profit share. Calculate the capital invested by A in the business.

Q. Given information:
Opening capital:

R s .5, 000

Closing capital :

R s .6, 000

Drawings :

R s .1, 000

New capital invested :

R s .500

The profit for the year will be _____________.

Net Profit before interest and tax Rs. 80,000; Equity share capital of Rs. 1,20,000; 10% Preference Share Capital of Rs. 50,000; 12% Debentures Rs. 1,00,000; Reserves and Surplus Rs. 1,30,000; Tax rate 50%; Calculate Return on Investment.

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ParticularsRs.Opening capital16,000Investment by proprietorNilDrawings3,000Capital at the end13,500Net Profit/(Loss)?The net profit will be.

The correct option is C Rs. 500OpeningCapital+Profit+Investedbyproprietor−Drawings=ClosingCapitalRs.16000+Profit+NIL−Rs.3000=Rs.13500Rs.13000+Profit=Rs.13500Profit=Rs.13500−13000Profit=Rs.500.

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.