Question

2.
X started business on 19 Jan, 2019 with a capital of Rs. 1,00,000 and borrowed
Rs. 30,000 from his friend. He made a profit of Rs. 30,000 during the year and
withdraw cash Rs. 10,000. Closing capital is
(a) 1,20,000
(c) 1,40,000
(b) 1,70,000
Id 1,50.000​

Answer 1

Answer:

Solution: a)120000✍✔✔

Explanation:

Closing Capital=

100000+30000-10000=120000

Answer 2

capital and profit should be added where withdrew cash should be subtracted