With the help of given data prepare Capital account of a sole-00040
This subjective question is related to the book/course
vu acc501 Business Finance.
It can also be found in
vu acc501 Mid Term Solved Past Paper No. 3.
Question 1: With the help of given data prepare Capital account of a sole trader and calculate closing balance of capital.
| Balance b/f | Rs.550,000 |
| Drawings | Rs.50,000 |
| Profit & Loss (debit balance) | Rs.45,000 |
