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Capital introduced at the beginning by Ram 3,000. Further capital introduced during the ear Rs.3,000. Drawings Rs.4,000 and closing capital is Rs.20,000. The amount of net profit will be:
- a)Rs.8,000
- b)Rs.7000
- c)Rs.4,000
- d)Rs.11,000
Correct answer is option 'A'. Can you explain this answer?
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Capital introduced at the beginning by Ram 3,000. Further capital intr...
I think options are wrong because the formula is opening capital = closing capital+ drawings -additional capital - profit and when we put values then answer is not coming
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Capital introduced at the beginning by Ram 3,000. Further capital intr...
To calculate the net profit, we need to consider the capital introduced, drawings, and the closing capital.
Given information:
- Capital introduced at the beginning by Ram: Rs. 3,000
- Further capital introduced during the year: Rs. 3,000
- Drawings: Rs. 4,000
- Closing capital: Rs. 20,000
We can calculate the net profit by using the following formula:
Net Profit = Capital Introduced + Additional Capital - Drawings - Closing Capital
Let's calculate the net profit step by step:
1. Capital Introduced:
The capital introduced at the beginning by Ram is Rs. 3,000.
2. Additional Capital:
The further capital introduced during the year is Rs. 3,000.
3. Drawings:
The drawings made during the year is Rs. 4,000.
4. Closing Capital:
The closing capital is given as Rs. 20,000.
Now, let's substitute the values into the formula:
Net Profit = 3,000 + 3,000 - 4,000 - 20,000
= 6,000 - 4,000 - 20,000
= -18,000
The net profit is calculated as -18,000. However, net profit cannot be negative. It indicates a loss. Since the question asks for the amount of net profit, the answer cannot be negative.
Therefore, it seems that there might be a mistake in the given information or the options provided. Please double-check the question or provide additional information if available.
Given information:
- Capital introduced at the beginning by Ram: Rs. 3,000
- Further capital introduced during the year: Rs. 3,000
- Drawings: Rs. 4,000
- Closing capital: Rs. 20,000
We can calculate the net profit by using the following formula:
Net Profit = Capital Introduced + Additional Capital - Drawings - Closing Capital
Let's calculate the net profit step by step:
1. Capital Introduced:
The capital introduced at the beginning by Ram is Rs. 3,000.
2. Additional Capital:
The further capital introduced during the year is Rs. 3,000.
3. Drawings:
The drawings made during the year is Rs. 4,000.
4. Closing Capital:
The closing capital is given as Rs. 20,000.
Now, let's substitute the values into the formula:
Net Profit = 3,000 + 3,000 - 4,000 - 20,000
= 6,000 - 4,000 - 20,000
= -18,000
The net profit is calculated as -18,000. However, net profit cannot be negative. It indicates a loss. Since the question asks for the amount of net profit, the answer cannot be negative.
Therefore, it seems that there might be a mistake in the given information or the options provided. Please double-check the question or provide additional information if available.
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Capital introduced at the beginning by Ram 3,000. Further capital introduced during the ear Rs.3,000. Drawings Rs.4,000 and closing capital is Rs.20,000. The amount of net profit will be:a)Rs.8,000b)Rs.7000c)Rs.4,000d)Rs.11,000Correct answer is option 'A'. Can you explain this answer?
Question Description
Capital introduced at the beginning by Ram 3,000. Further capital introduced during the ear Rs.3,000. Drawings Rs.4,000 and closing capital is Rs.20,000. The amount of net profit will be:a)Rs.8,000b)Rs.7000c)Rs.4,000d)Rs.11,000Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Capital introduced at the beginning by Ram 3,000. Further capital introduced during the ear Rs.3,000. Drawings Rs.4,000 and closing capital is Rs.20,000. The amount of net profit will be:a)Rs.8,000b)Rs.7000c)Rs.4,000d)Rs.11,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Capital introduced at the beginning by Ram 3,000. Further capital introduced during the ear Rs.3,000. Drawings Rs.4,000 and closing capital is Rs.20,000. The amount of net profit will be:a)Rs.8,000b)Rs.7000c)Rs.4,000d)Rs.11,000Correct answer is option 'A'. Can you explain this answer?.
Capital introduced at the beginning by Ram 3,000. Further capital introduced during the ear Rs.3,000. Drawings Rs.4,000 and closing capital is Rs.20,000. The amount of net profit will be:a)Rs.8,000b)Rs.7000c)Rs.4,000d)Rs.11,000Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Capital introduced at the beginning by Ram 3,000. Further capital introduced during the ear Rs.3,000. Drawings Rs.4,000 and closing capital is Rs.20,000. The amount of net profit will be:a)Rs.8,000b)Rs.7000c)Rs.4,000d)Rs.11,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Capital introduced at the beginning by Ram 3,000. Further capital introduced during the ear Rs.3,000. Drawings Rs.4,000 and closing capital is Rs.20,000. The amount of net profit will be:a)Rs.8,000b)Rs.7000c)Rs.4,000d)Rs.11,000Correct answer is option 'A'. Can you explain this answer?.
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Capital introduced at the beginning by Ram 3,000. Further capital introduced during the ear Rs.3,000. Drawings Rs.4,000 and closing capital is Rs.20,000. The amount of net profit will be:a)Rs.8,000b)Rs.7000c)Rs.4,000d)Rs.11,000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Capital introduced at the beginning by Ram 3,000. Further capital introduced during the ear Rs.3,000. Drawings Rs.4,000 and closing capital is Rs.20,000. The amount of net profit will be:a)Rs.8,000b)Rs.7000c)Rs.4,000d)Rs.11,000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Capital introduced at the beginning by Ram 3,000. Further capital introduced during the ear Rs.3,000. Drawings Rs.4,000 and closing capital is Rs.20,000. The amount of net profit will be:a)Rs.8,000b)Rs.7000c)Rs.4,000d)Rs.11,000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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