
In case there is no double entry system is followed, profit can be calculated by comparing the opening and closing capital. In the given situation this can be calculated as:
Opening Capital Rs.200000
Add: Capital Introduced Rs.200000
Add: Profit for the year Rs. 250000
Less: Loss for the year Rs.NIL
Less: Drawings Rs. 30000
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Capital at the end of the year Rs.620000
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Loan taken is a liability and loan given is asset, that will not affect the capital.
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Answer:
The answer is 7/100 in a Simplified Fraction.
Step-by-step explanation:
Hope this helps!
Answer: The correct answer on edgen is
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Answer: Yes, this is true but it can be a different answer.
Answer:
The solution region is x < –5 and x > 2
Step-by-step explanation:
We are given the inequalities, 2x–2 < –12 or 2x+3 > 7
Upon simplifying the inequalities, we get,
A. 
i.e.
i.e. 
B. 
i.e.
i.e. 
So, we get the solution is
or
and the plotted region can be seen below.