Question

Opening capital Rs 30000 ,closing capital
Rs 15000, loss during the year Rs 8000,
Drawings Rs 7000, Additional capital
introduced will be:
Select one:
O a. 16000
O b. 23000
O c. 8000
O d. NIL
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Answer 1

Answer:

The answer is d)nil.

Explanation:

As Opening Capital= rs. 30,000

less: Loss---------------= rs. (8,000)

less: drawings--------=rs. (7000)

add:Additional capital= _______

Closing capital--------= 15,000 rs.

Answer 2

Additional capital introduced will be NIL.

Explanation:

Given: Opening capital Rs 30000 ,

           Closing capital Rs 15000,

            loss during the year Rs 8000,

            Drawings Rs 7000.

Find: Additional capital.

Solution: Opening capital = ₹30000

         less: Loss                 = (8000)

         less: Drawings        =   (7000)

         add: add. Capital   =  Nil

            = closing capital = 15000

• This is the format of capital statement in which you can find the addition and subtraction in capital of business as it includes the drawings and loss as subtraction of capital and profit and addition as addition of capital.