Bissoy.com
Doctors Medicines MCQs Q&A

If at the end of a financial year capital is Rs. 20,000, drawing during the year is Rs. 10,000, capital at the beginning of the year is Rs. 12,000, additional capital introduced during the year is Rs. 14,000. Then find net profit for the year?

If at the end of a financial year capital is Rs. 20,000, drawing during the year is Rs. 10,000, capital at the beginning of the year is Rs. 12,000, additional capital introduced during the year is Rs. 14,000. Then find net profit for the year? Correct Answer Rs. 4,000

Related Questions

There are seven colleagues – P, Q, R, S, T, U and V who get different salaries. Their salaries are 10000, 12000, 14000, 15000, 18000, 20000 and 22000 (not necessarily in the same order). V neither gets highest salary nor the lowest one. Only three people get the higher salary than S. P gets less salary than V and the difference between their salaries is Rs. 4000. T gets higher salary than U but lesser than R. U gets higher salary than Q. Q does not get a salary of Rs. 12000. Which of the following statement is true?
Arpit and Ankit invested Rs. 20000 and Rs. 40000 in a business respectively. After 2 months, Arpit invested Rs. 20000 more. But after few months, Ankit withdrew Rs. 10000. If they both received equal share in the profit at the end of the year, after how many months of investing did Ankit withdrew Rs. 10000?
Capital at the beginning of the year Rs. 10,500, Annual drawing Rs. 6,500, Additional capital introduced during the year Rs. 3,500. What will be capital at the end if there is no profit or loss?
The table shows the annual expenses on various heads made by a firm during 2014 - 2018. What is the average expenditure per head of 2016? Year Particulars Raw Materials Wages Administration Delivery Finance 2014 50000 15000 40000 20000 20000 2015 90000 20000 40000 25000 25000 2016 45000 22500 47500 25000 25000 2017 60000 20000 40000 25000 40000 2018 7500 25000 50000 30000 45000
Given below are three quantities named A, B and C. Based on the given information, determine the relation among the three quantities. P invested Rs. 10000 more than Q in a business, but at the end of the year, they received profit in the ratio 11 ∶ 10, such that P received Rs. 2100 more than Q. R and S also invested in another business in the ratio 1 ∶ 2, but at the end of the year, they received profit in the ratio 6∶ 7, such that R received Rs. 2400 less than S. Quantity A: If P withdrew Rs. 10000 after 6 months of investment, how much money did he initially invested? Quantity B: If S withdrew Rs. 50000 after 4 months of investment, how much money did he initially invested? Quantity C: How much total profit did all four of them earned at the end of the year?
Owners equity balance at the end is Rs. 21,000. During the year additional capital introduced by owner is Rs. 6,000 and drawings made is Rs. 4,000. If net profit for the year is Rs. 8,000. Then what is the balance of owner is equity in the beginning?
Consider the following log sequence of two transactions on a bank account, with initial balance 12000, that transfer 2000 to a mortgage payment and, then apply a 5% interest (i) T1 start (ii) T1 B old = 12000 new = 10000 (ii) T1 M old = 0 new = 2000 (iv) T1 commit (v) T2 start (vi) T2 B old = 10000 new = 10500 (vii) T2 commit Suppose the database system crashed just before log record 7 is written. When the system is restarted, which one statement is true of the recovery procedure?
Pinnu invested Rs. 55000 in mask factory for the whole year. After 4 months of Pinnu, Laxmi joined him and invested Rs. 70000. Next year Pinnu invested Rs. 10000 more and Laxmi withdrew Rs. 10000 and at the end of two years profit earned by Pinnu is Rs. 32375. Find the total profit if they distributed half of the total profit equally and rest in the capital ratio.
B invest his amount in business of A on a condition that B gets 10% of profit as interest on his amount and remaining profit is divided by A and B in equal parts. If at the end of the year A cheats B and take 20% of profit with him and shows remaining profit as actual profit. If remaining profit is distributed between them according to the condition then A gets Rs. 24000 more than B. Find the actual profit that occur at the end of the year.
In a company, the salary of 40% of the workers is Rs. 14000 and that of the remaining workers is Rs. 12000, out of which 65% are male workers. If the number of female workers, whose salary is Rs. 12000, is 840, then find the total amount of salary received by all the workers taken together?