deujanyejackson7769 deujanyejackson7769
  • 22-01-2021
  • Business
contestada

If opening capital is ks 70000 and closing capital is ks 90000, what is the amount of profit or loss​

Respuesta :

andromache andromache
  • 25-01-2021

Answer:

20,000

Explanation:

The computation of the amount of profit or loss is given below:

As we know that

Closing capital = opening capital + profit or loss - drawings

90,000 = 70,000 + profit or loss - 0

Profit = 90,000 - 70,000

= 20,000

Hence, the amount of profit is 20,000

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