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Question
Profit for 2015, 2016 & 2017 is ₹ 10,000, ₹ 15,000 & ₹ 25,000. Calculate average profit.
Solution
Total Profit = 10,000 + 15,000 + 25,000
= ₹ 50,000
Average Profit = `"Total Profit"/"Number of years"`
= `"50,000"/3`
= ₹ 16,666.66
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| Liabilities |
Amount(₹) |
Assets | Amount(₹) |
| Capitals : |
|
Plant and Machinery | 2,40,000 |
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||
| Sundry creditors |
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||
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