Question

(10) The closing capital of Raghuvir is 80,000. In which 12,500 drawings of current year

and profit of 17,800 are recorded. What will be the interest at 6 % p.a. on the opening
Tapital?​

Answer 1

Answer:

Opening capital = Closing capital + Drawing - Profit

Opening capital = 80000 + 12500 - 17800=74700

Explanation:

=Int on opening capital=74700×6%=4,482