Multiple Choice Questions on If opening capital is 24 000 closing capital40 000 drawing 7 000 fresh capital 8 000 Calculate ........... for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

If opening capital is 24 000 closing capital40 000 drawing 7 000 fresh capital 8 000 Calculate ...........

Accountancy (11th) Chapter-1 Introduction to Accounting
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    If opening capital is 24,000; closing capital40,000 ; drawing  7,000; fresh capital 8,000. Calculate profit or loss.

    Profit 15,000 

    Correct Answer

    loss 15,000

    Incorrect Answer

    profit 20,000

    Incorrect Answer

    loss 20,000

    Incorrect Answer
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    Explanation:

    Profit 15,000 

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