If Closing Capital is Rs. 6,00,000; Drawings Rs. 2,00,000 and Profit Rs. 4,00,000. find out the Opening Capital
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debited to the profit and loss account is Rs. 900 (Rs. 1,200 – Rs. 300). ... For example, refer to Ankit's trial balance (refer figure 10.1). You will ... (vi) Interest on capital at 5% to be charged.
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Opening capital is Rs. 400000
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