Question

27.If capital at the end of the year is Rs50,000; Capital introduced during
the year Rs 30,000; drawings for the year Rs 20,000 and loss for the year
is Rs 60,000, then Capital at the beginning of the year was:
O a) Rs. 1,00,000
O b) Rs. 80,000
O c) Rs. 70,000
O d) Rs. 10,000​

Answer 1

Answer:

profit. = closing capital + drawing - additional capital -opening capital

-60000 = 50000+ 20000-30000-opening capital

= 100000. = opening capital