capital at the end of the year is 40,000: capital introduced during the year Rs. 30,000; drawings 20,000 and loss for the year is 60,000; then Capital at the beginning of the year was:
Answers
Answered by
9
Explanation:
=> Capital at thebeginning + 30,000 - 60,000 - 20,000 = 40,000
=> Capital at the beginning - 30,000 - 20,000 = 40,000
=> Capital at the beginning - 50,000 = 40,000
=> Capital at the beginning = 40,000 + 50,000
Capital at the beginning = 90,000
Therefore,Capital at the beginning of the year was 90,000
Answered by
13
Answer:
Capital at the Beginning of the year = ₹ 90,000
Explanation:
Given :
- Capital at the end of the year is 40,000
- Capital introduced during the year Rs. 30,000
- Drawing made during the year Rs. 20,000
- Loss for the year is 60,000
To find :
- Capital at the Beginning of the year
Solution :
Particulars ------------- Amount (₹)
Capitals at the end of the year ----- 40,000
(+) Drawing made during the year --- 20,000
60,000
(-) Capital introduced during the year ----- 30,000
30,000
(+) Loss of the current year ------ 60,000
Capital at the Beginning of the year = 90,000
∴ Capital at the Beginning of the year was ₹ 90,000
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