Following information of an accounting year isgiven: Opening Capital Rs. 60,000, Drawing Rs. 5,000, Capital added during the year Rs. 10,000 and Closing Capital Rs. 90,000. Calculate the Profit or Loss for the year. {:(,"Rs."),("Opening Capital","1,00,000"),("Closing Capital","1,25,000"),("Drawings during the year","30,000"),("Capital added during the year","37,500"):}

Following information of an accounting year isgiven: Opening Capital

1.	Following information of an accounting year isgiven: Opening Capital Rs. 60,000, Drawing Rs. 5,000, Capital added during the year Rs. 10,000 and Closing Capital Rs. 90,000. Calculate the Profit or Loss for the year. {:(,"Rs."),("Opening Capital","1,00,000"),("Closing Capital","1,25,000"),("Drawings during the year","30,000"),("Capital added during the year","37,500"):}
Answer» ANSWER :PROFIT - RS. 25,000.

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