Vikas maintains his books of account on Single Entry System. He provides following information from his books. Find out additional capital introduced in the business during the year 2017–18.
Opening Capital–₹ 1,30,000 Drawing during the year ₹ 50,000
Closing Capital–₹ 2,00,000 Profit made during the year ₹ 1,00,000

Q. Vikas maintains his books of account on Single Entry System. He provides following information from his books. Find out additional capital introduced in the business during the year 2018–19.
Opening Capital − ₹ 1,30,000 Drawings during the year ₹ 50,000
Closing Capital − ₹ 2,00,000 Profit made during the year ₹ 1,00,000

Q.

Mr. Kapil does not keep proper records of his business and he provided the following information.

You are required to prepare a statement showing the profit or loss for the year 2011-12.
Opening Capital (01-04-2011) , 50,000

Closing Capital (31-03-2012) , 1,00,000

Additional capital introduced (2011-12) , 20,000

Drawings made during the year (2011-12) , 40,000

Q. Mohan maintains books on Single Entry System. He gives you the following information:

	₹
Capital on 1st April, 2017	15,200
Capital on 31st March, 2018	16,900
Drawings made during the year	4,800
Capital introduced on 1st August, 2017	2,000

You are required to calculat the Profit or Loss made by Mohan.

Q. Mayank does not keep proper records of his business, he gives you the following information:

	₹
Opening Capital	1,00,000
Closing Capital	1,25,000
Drawings during the year	30,000
Capital added during the year	37,500

Calculate the profit or loss for the year.

Q. From the following information relating to the business of Mr. X who keeps books on Single Entry System, ascertaint the profit or loss for the year 2017–18:

Particulars		1st April, 2017 (₹)	31st March, 2018 (₹)
Machinery	................................................................................	8,000	8,000
Furniture	................................................................................	2,000	2,000
Stock	................................................................................	7,000	5,000
Sundry Debtors	................................................................................	4,000	4,500
Bank Balance	................................................................................	200 (Cr.)	1,800 (Dr.)
Sundry Creditors	................................................................................	5,000	3,500

Mr. X withdrew ₹ 4,100 during the year to meet his household expenses. He introduced ₹ 300 as fresh capital on 15th January, 2018. Machinery and Furniture are to be depreciated at 10% and 5% p.a. respectively.