question archive If closing capital was Rs
If closing capital was Rs
Subject:AccountingPrice:2.84 Bought4
If closing capital was Rs.5,000 additional investment Rs.3,000, drawing Rs.300 per month for 6 month and profit during the year was Rs.1,300 then the amount of capital at start will be:"
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"rs.17,000" |
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"rs.16,000" |
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"rs.3,800" |
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"rs.2,500 |
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SOLUTION:
the amount of capital at start will be:
Answer: Rs. 2,500
| Rs. | |
| Closing Capital | 5000 |
| Add: Drawings (300 x 6) | 1800 |
| Less: Additional Investment | (3000) |
| Less: Profit during the year | (1300) |
| Capital at start | 2500 |
