Mathematics · Accounting Ratios and Calculations
If the opening capital is ₹60,000, drawings are ₹5,000, additional capital introduced during the year is ₹10,000, and closing capital is ₹90,000, then the value of profit earned during the period will be:
- 1₹35,000
- 2₹25,000✓
- 3₹50,000
- 4₹40,000
Correct answer
₹25,000
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