Q.From the following find the profit earned by a trader
Capital at the beginning of the year ₹ 7,500
Capital at the end of the year ₹ 10,000

Under the net-worth (statement of affairs) method, profit = closing capital − opening capital when there are no drawings or fresh capital. Here 10,000 − 7,500 = ₹2,500.

This is a standard AP Inter 2nd-year (Commerce) single-entry / incomplete-records question, aligned with the NCERT/CBSE commerce curriculum.

When complete records are not kept, profit is found by comparing the owner's capital (net worth) at the beginning and end of the year. As no drawings and no additional capital are stated here, the whole increase in capital is treated as profit.

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