Question

Capital in the beginning rs 32000 profit made during the year rs 12000 capital introduced during the year rs 16000 capital at the end rs 52000 find out drawings​

Answer 1

Answer:

Drawings=Rs.8000

Explanation:

It is calculated as- firstly we calculate opening capital with help of closing capital as-

closing capital-profit- additional capital= opening capital

52000-12000-16000=24000

while our opening capital is rs.32000

it means drawings are the difference which is deducted from opening capita.

so the difference=8000 is our drawings..