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:
I believe the duration for $89.00 is 2 hours
Step-by-step explanation:
We start off with the $17 dollars and calculate 36.00+36.00 for a total of $89. Therefore, (120 mins)/60=2 hours.
Answer:
C
Step-by-step explanation:
Because nintendo price=300$
He has 215$
1 chore he does=7$
Meaning if he did 10 chores he get's 70$ added so he did 10 now he has 285$ If he does 2 more chores that is 14$ more added.
So he now has 299$ so he done 12 chores and he needs 1 more dollar so if he did 1 more he gets 306$ and that was the least amount of chores he could do if he wanted 300$
And there's your answer
Hope this helps have a awesome day:)
