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  3. Study Set
    Financial Accounting
  4. Exam
    Exam 47: Single Entry System and Profit Calculation
  5. Question
    If Opening Capital Is Rs
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If Opening Capital Is Rs

Question 3

Question 3

Multiple Choice

If opening capital is Rs.5,000. closing capital - Rs.7,000. drawings - Rs.1,000 and additional capital introduced during the year is Rs.500. then, the amount of profit made would amounted to


A) Rs.1,500
B) Rs.2,500
C) Rs.2,000
D) Rs.3,000

Correct Answer:

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