If opening capital = Rs. 1,000 and closing capital = Rs. 2,000. Assuming no drawings during the accounting period, calculated the net income or loss for the period
A. Rs. 1,000 net income
B. Rs. 1,000 net loss
C. Rs. 2,000 net income
D. Rs. 2,000 net loss
Answer: Option A
This Question Belongs to User Ask Question >> Miscellaneous
Related User Ask Questions
Which of the following is not a primary function of a Bank?
A. Granting Loans
B. Collecting Cheques/Drafts customers
C. Facilitating import of goods
D. Issuing Bank Drafts
A. Regulatory jurisdictional fight between SEBI and IRDA
B. They don’t offer better tax benefits
C. They offer lesser returns compared to traditional insurance policies
D. All of the above
The Chameli Devi Jain Award is given for an outstanding woman ____?
A. Scientist
B. Reporter
C. Player
D. Teacher
Join The Discussion