India Financial Accounting Question

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Hi
Can you please help. I urgently need to submit my assignment. I am stuck over these two questions.

The questions are:
1. The following information relates to a sole trader.

Total of all assets at 1 June £2,300

Total of all liabilities at 1 June 2,500

Net profit earned during June 1,000

Capital introduced during June 5,000

Drawings during June 700


The sole trader's capital at 30 June was: ?

2. Tom set up a business on 1 January. He bought Non-current assets costing £53,000 and Inventory costing £6,600. He had financed these in advance of commencing business with a personal loan of £25,000 from his brother and a business loan from a bank. On 31 December of the same year his net assets totalled £37,200. His net profit for the year was £21,100.

Tom's drawings during the year were:

If you could kindly explain to me how to reach to the answer to these two questions. Thanks
 
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Solution to Question 1:

Total of all assets 2300 - total of all liabilities 2500 = opening capital (200)
add net profit 1000 = 800 add capital introduced during the month 5000 = 5800 less drawings 700 = 5100 closing capital for the month.
 
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Solution to Question 1:

Total of all assets 2300 - total of all liabilities 2500 = opening capital (200)
add net profit 1000 = 800 add capital introduced during the month 5000 = 5800 less drawings 700 = 5100 closing capital for the month.

Thank you Srinivasa.. Can you please help for the 2nd question.
 
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Solution to Question 2:

Assets 53000+6600=59600 less liabilities 25000 = 34600 + bank loan (Long term) 2600 = net assets 37200
Financed by : opening capital 34600 + net profit 2110 = 55700 less Drawings 18500 = Closing capital 37200
Drawings for the year were $18500
 
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