Q2966
Given that Opening capital : Rs. 5,000 Closing capital : Rs. 6,000 Drawings : Rs. 1,000 New capital invested : Rs. 500 The profit for the year will be:
A.
Rs. 2,000
B.
Rs. 1,500
AnswerC.
Rs. 1,000
D.
Rs. 500
Answer: Option B
Solution
Answer: Option B
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