CLASS 12 - ACCOUNTANCY UNIT 1 - PROBLUMS AND SOLUTIONS - Accounts from incomplete records

EXERCISE 1. From the following particulars ascertain profit or loss:

Particulars                                                                                           ₹

Capital at the beginning of the year (1st April, 2018)                   5,00,000

Capital at the end of the year (31st March 2019)                         8,50,000

Additional capital introduced during the year                               1,20,000

Drawings during the year                                                                  70,000

SOLUTION: