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Question
From the following details, calculate the missing figure.
| Particulars | ₹ |
| Closing capital as on 31.3.2018 | 80,000 |
| Additional capital introduced during the year | 30,000 |
| Drawings during the year | 15,000 |
| Opening capital on 01.4.2017 | ? |
| Loss for the year ending 31.3.2018 | 25,000 |
Solution
Statement of Profit or Loss
| Particulars | ₹ |
| Closing capital | 80,000 |
| (+) Drawings | 15,000 |
| 95,000 | |
| (−) Additional capital | 30,000 |
| Adjusted capital | 65,000 |
| (−) Opening capital | 90,000 |
| Loss | 25,000 |
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