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Commerce · Q2466

Accounting

Graduate and Post Graduate · Commerce · question 2466

Q2466

The capital in a business on 1st January and 31stJanuary is Rs. 17,000 and Rs. 17,200 respectively. Investment by owner and withdrawal by owner during January amount to Rs. 1,000 and Rs. 700 respectively. What is the net income for January?

A.
Rs. 100 (Loss)
Answer
B.
Rs. 300
C.
Rs. 200
D.
Rs. 500

Answer: Option A

Solution

Answer: Option A
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