Ravi started a business and Raj joined him after a few months. The rartio of their investments is `3:4`. If their profits at the end of the year are equal, then find when Raj joined the business ?
Investments by large multinational corporations (MNCs) in India will ensure greater inflow of foreign exchange, leading to an increase in the supply of foreign currency. This situation may result into...
Statement of Profit or Loss
Particulars
Amount (₹)
Closing Capital
3,80,000
Add :- Drawings (5,000 x 9)
45,000
Less:- Additional Capital
(1,00,000)
Less:- Opening Capital
(2,50,000)
Profit during the year
75,000
or
Particulars
Amount (₹)
Opening Capital
3,50,000
Add :- Additional Capital
2,00,000
Less :- Drawings
(80,000)
Add :- Profits during the...
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