Question

Calculate the closing capital of an individual from the following information: ·       Initial capital in business – Rs.50000 ·       Loan taken from relatives – Rs.5000 ·       Profit for the year – Rs.10000 ·       Drawings – Rs.9000

A Rs.41000
B Rs.60000
C Rs.65000
D Rs.51000
E Rs.56000
Practice Next

Hey! Ask a query