Accountancy, asked by kirtiswami844900, 4 days ago

if closing capital is 250000 and drawings during the year were 40000 profits 80000 the opening capital was

Answers

Answered by Darvince

1

Explanation:

Opening capital + 80000 - 40000 = 250000

Opening capital + 40000 = 250000

Opening capital = 250000 - 40000

Opening capital = 210000

Hence, the opening capital was 210000

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