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متابعة

Opening capital $1000 , Drawing $600, closing capital $3000. What is net profit for the year?

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تم إضافة السؤال من قبل Wasim khan wazir , Finance Specialist , Mott Macdonald
تاريخ النشر: 2015/06/21
Ali Mohammed
من قبل Ali Mohammed , Lecturer in Accounting, Finance, Maths and Economics , Admas University College

Since opening capital + net profit - Drawings = closing capital... Than net profit = closing capital - opening capital + drawings. Therefore, using algebra rule net profit =3000 -1000 +600 =2,600

Shahbaz Hayder
من قبل Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Net Profit is equal to2,600.

Fahad Malik
من قبل Fahad Malik , General Accountant , Global Medical Company

NP will be equal to  $2600

Mansoor Bajwa
من قبل Mansoor Bajwa , Accounts Officer , Sefam (Pvt.) Ltd

Net Profit for the year will be $2600.

المعتز بالله القباني
من قبل المعتز بالله القباني , assistant accountant , OBEID GROUP

closing capital = opening capital + net profit - drawing 

net profit = closing capital - opening capital + drawing 

2,600  =3,000 -1,000 +600 

Samuel Loveday
من قبل Samuel Loveday , Management Accountant , Mopheth Nigeria Limited

CLOSING CAPITAL ADD DRAWING LESS OPENING CAPITAL= NET PROFIT

3000+600-1000=$2600

Muhammad Asif Raza
من قبل Muhammad Asif Raza , Deputy Manager Reporting and Taxation , Validus Engineering Pvt Ltd (Siemens Transformer Business)

In opening capital if profit of2600 USD will be add the it will be possible that after drawing of600USD closing capital will be remain3000 USD. So Net profit will be2600 USD. 

Shazia Anees
من قبل Shazia Anees , Assistant Manager Finance , Arham Trading Company

NP =2600 ========================

Waqar khan
من قبل Waqar khan , Audit Associate , PwC

2600 net profit..................

Tranquilino Jr Rivera
من قبل Tranquilino Jr Rivera , General Accountant , Enany Group of Companies

Agree. Net profit for the year is $2,600

Sonia Younas
من قبل Sonia Younas , Steward , Blackburn Rovers Football Club

The net profit would equal to $2,600

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