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Capital at the end of the …

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Capital at the end of the year was Rs 400000 withdrew Rs5000 per month fou household. Owner sold his personal investment of Rs80000 at a profit and introduced into business. Profit for the current year Rs80000 . calculate at beginning

    • Posted by Brajesh Singh 7 years ago

    CBSE > Class 11 > Accountancy
    • 5 answers

    Rajat Singh 7 years ago

    Answer is 3,00,000 because. Profit=closing capital+drawings-opening capital. So 80,000=4,00,000+60,000-80,000. So 4,60,000-1,60,000=3,00,000

    0Thank You

    Sakshi Sharma??️??️ 7 years ago

    Opening capital = ₹4,00,000 + ₹(5,000*12) - ₹80,000 - ₹80,000 = ₹4,00,000 + ₹60,000 - ₹80,000 - ₹80,000 = ₹3,00,000

    1Thank You

    D J 7 years ago

    2,45,0000

    1Thank You

    D J 7 years ago

    400000+5000-80000-80000

    1Thank You

    D J 7 years ago

    Opening capital =closing capital +drawings -addtional capital - profit

    1Thank You

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