for example :the closing capital of Mr Sanjay jain as on 31.3.2022 was 4 lakh.1.4.2021 his capital was three lakh fifty thousand.his net profit was year ended31.3.2022 was 100000.he introduced RS 30000 as additional capital on February 2022 find out the amount drawn by Mr b for his domestic expenses...????
could you plse explain me
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Accounting related query
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80,000 his household expenses
I need workings sir
Opening capital 3,50,000
+ profit of the year 1,00,000
+Additional capital 30,000
total. 4,80,000
- closing capital. 4,00,000
difference 80,000
this difference we put in household account
+ profit of the year 1,00,000
+Additional capital 30,000
total. 4,80,000
- closing capital. 4,00,000
difference 80,000
this difference we put in household account
Thank you
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