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
C. Rs. 1,000
D. Rs. 500
Answer: Option B
This Question Belongs to Commerce >> Accounting
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