Question

when the capital in the beginning is Rs 5000 , drawing during the year Rs.3000,profit made during the year is Rs 1000, the additional capital introduced is Rs 1500, find out the amount of capital of the end a. Rs 4500 b. Rs 5500 c. Rs 10500 d. Rs 1500​

Answer 1

Question :-

When the capital in the beginning is Rs 5000 , drawing during the year Rs.3000,profit made during the year is Rs 1000, the additional capital introduced is Rs 1500, find out the amount of capital of the end a. Rs 4500 b. Rs 5500 c. Rs 10500 d. Rs 1500

Answer :-

➤At Beginning = 5000

➤After drawing 3000 = 5000 - 3000 = 2000

➤Profit + Additional capital = 1000 + 1500 = 2500

➤Now add 2500 to 2000 = 4500

Now final amount is = ₹4500

Be Brainly

Answer 2

Answer:

₹4,500.00

Explanation:

Given:-

• Opening capital = ₹ 5, 000
• Drawings = ₹ 3, 000
• Additional capital = ₹ 1, 500
• Profit = ₹ 1, 000

To find:-

• Closing capital

Steps:-

Closing capital = Opening capital + Additional capital + Profit - Drawings

Closing capital = ₹ 5, 000 + ₹ 1, 500 + ₹ 1, 000 - ₹ 3, 000

Closing capital = ₹ 7, 500 - ₹ 3, 000

Closing capital = ₹ 4, 500

Hence, the closing capital is ₹ 4, 500.00

Additional information:-

Opening capital:- Opening capital refers to the amount of capital a business has at the beginning of a particular accounting period

Closing capital:- Closing capital refers to the amount of capital a business has at the end of a particular accounting period, typically a financial year

Additional capital:- Additional capital refers to the funds that are introduced into a business by the owner or partners, in addition to the initial capital.

Profit:- Profit refers to the excess of revenues earned by a business over its expenses during a particular period.

Drawings:- Drawings refer to the amount of cash or assets that the owner of a business withdraws from the business for personal use.