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What is anticipation of profit in given problem

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sai t

sai t

CA Foundation

295

17-Sep-20 16:37

26

Answers (4)

That profits will be made or earned.


Suraj Lakhotia

Suraj Lakhotia

Admin

17-Sep-20 17:49

That profits will be made or earned.

Sir in above screen shot why they are not deducting withdraw of 1000 every month from a's capital and 1000 and 5000 from b's capital ??


sai t

sai t

CA Foundation

295

17-Sep-20 19:03

Drawings are of two types I) Drawings out of profits II) Drawings out of capital Drawings out of profits do not effect capital invested. Because profit is the surplus earned by investing capital in the business.


VIJAYA SARADHI MAGANTI

VIJAYA SARADHI MAGANTI

CA Foundation

850

19-Sep-20 14:36

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