Title TS-Grewal-Class11-CH16.pdf ✅

Q.1 Following information of an accounting year is given: Opening Capital ₹ 60,000; Drawings ₹ 5,000; Capital added during the year ₹ 10,000 and Closing Capital ₹ 90,000. Calculate the Profit or Loss for the year. The solution can be presented as follows Q.2 Mayank does not keep proper records of his business, he gives you the following information: ₹ Opening Capital 1,00,000 Closing Capital 1,25,000 Drawings during the year 30,000 Capital added during the year 37,500 Calculate the profit or loss for the year. The solution can be presented as follows