Question

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:

Answer 1

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

Answer 2

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