Question

Calculate capital at the beginning Closing capital Rs. 6,00,000/- Profit for the year Rs. 40,000/- Drawings during the year Rs. 58,000/-​

Answer 1

Answer:

refer the photo uploaded below

Explanation:

Answer 2

Explanation:

Given :

• Closing capital Rs. 6,00,000/-
• Profit for the year Rs. 40,000/-
• Drawings during the year Rs. 58,000/-

To find :

• Capital at the beginning

Solution :

Particular ---------------------(Amount ₹)

Closing Capital -------------- 6,00,000

(+) Drawings during the year ----- 58,000

(6,58,000)

(-) Profit for the year --------- 40,000

Capital at the beginning = 6,18,000

___________________________

★ Capital at the beginning :

Capital at the beginning + 40,000 - 58,000 = 6,00,000

Capital at the beginning - 18,000 = 6,00,000

Capital at the beginning = 6,00,000 + 18,000

Capital at the beginning = 6,18,000

Therefore, Capital at the beginning of the year was ₹ 6,18,000