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Ascertainment of profit or loss by state...

Ascertainment of profit or loss by statement of affairs method
Following information is given below prepare the statement of profit or loss:
Capital at the end of the year = Rs 5,00,000
Capital in the beginning of the year = Rs 7,50,000
Accounts from Incomplete Records
Drawings made during the period = Rs 3,75,000
Additional Capital introduced = Rs 50,000

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The correct Answer is:
Profit : Rs 75,000
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