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The following information is taken from a sole trader's accounts: Opening Capital $12,000, Closing Capital $13,800. Net Profit $3,000. What are the trader's drawings?

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The following information is taken from a sole trader's accounts: Opening Capital $12,000, Closing Capital $13,800. Net Profit $3,000. What are the trader's drawings? Answer: $1,200

Drawings are the amounts withdrawn by the owner from the business. Using the formula: Drawings=Opening Capital+Net Profit−Closing Capital we calculate that the trader withdrew $1,200 during the period.

Question context

This question is part of 🌍 Current Affairs within the broader 🌐 Current Affairs & GK subject and appears in the SPSC – Sindh Public Service Commission preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.