The owner’s capital in a business was £340,000 on 30 June 2011 and £215,000 a year earlier. In each of the following independent scenarios, given the stated amount of proprietor’s drawings and capital introduced within the year, estimate the profit (P) or loss (L).

(a) Drawings during the year were £3,000 per month.

(b) During the year, no drawings; capital introduced was £9,000.

(c) Drawings were £40,000 and capital introduced £20,000.

(d) Drawings were £24,000 and capital introduced £150,000.

Transcribed Image Text:

(x) £125,000 P £116,000 P £185,000 P £1,000 L (y) £161,000 P £125,000 P £165,000 P £251,000 P (z) £89,000 P £134,000 P £145,000 P £149,000 P