Question

Class 11 accountancy

Answer 1

Closing Capital =?

opening capital=50,000

Interest on capital=2,000

Additional Capital=18,000

Profit=14,000

By Using this Formula:

Closing capital=Opening Capital+(Addtional capital+Interest on capital)-Profit

Closing Capital=50,000+《2,000+18000)-14,000

Capital=50,000+20,000-14,000

CapitaL=70,000-14,000

capital=56,000

The capital Account is 56,000

Answer 2

$\large \texttt{The Capital account is \green{56,000}}$