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https://forms.office.com/r/HtuxHWWYqG

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Rohan, an engineering graduate, invented a specialized machine for automated material processing. After acquiring a patent, he started small-scale commercial production.

At the beginning of the business, Rohan kept track of the initial capital he invested. However, throughout the year, he did not maintain any formal financial records. Now, at the end of the year, he wants to determine the profit he made and seeks your help.

Discussion Prompt (2 minutes):
Is it possible to calculate Rohan’s profit without detailed records? If so, how? Discuss with your group and formulate your response.

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Any one question from the following .

Task 1: Analyze and extract relevant financial data   from incomplete records.

Task 2: Synthesize accurate calculations of profit or loss using available financial information

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https://forms.office.com/r/aPut5158Lv

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Prepare a well-structured Statement of Affairs to determine closing Capital

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If the opening capital is ₹20,000, closing capital is ₹50,000, drawings are ₹5,000, and additional capital is ₹10,000, calculate the profit or loss.