NOTES


CA-Foundation > Principles and Practice of Accounting > Theoretical Framework - Meaning and Scope of Accounting (Old >

Theoretical Framework - Meaning and Scope of Accounting (Old Notes

Q1.

What is the Closing Capital, given the following?

Opening Capital as on 1st April

Rs. 90,000

Capital introduced

Rs. 25,000

Drawings made

Rs. 35,000

Profits during the Financial Year

Rs. 10,000

see in detail

Q2.

What is the Profits / Losses during the year, given the following:

Opening Capital as on 1st April

Rs. 90,000

Capital introduced

Rs. 25,000

Drawings made

Rs. 35,000

Closing Capital at end of Financial Year

Rs. 1,00,000

see in detail

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CA-Foundation - Principles and Practice of Accounting:

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