From the following details calculate the missing figure
Capital as on 1.4.2017 2,50,000 Capital as on 31.3.2018 2,75,000 Additional capital 30,000 Profit 15,000 Drawings ? With Explanation How You Got The Answer
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Answer:
opening capital 250000
+additional capital 30000
balance 280000
+profit 15000
balance 295000
less drawings (20000)
balance as on 31.3.2018 275000
therefore,drawings=20000
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