Closing capital= Rs. 2,00,000, Profit = Rs. 50,000, Drawings = Rs. 5,000, what will be the opening capital ?

Rs. 1,50,000

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Rs. 1,45,000

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Rs. 1,55,000

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Rs. 1,00,000

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Solution

The correct option is C
Rs. 1,55,000

Opening capital
= Closing capital - Profit + Drawings
= Rs. 2,00,000 - Rs. 50,000 + Rs. 5,000
= Rs. 1,55,000.

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, capital introduced during the period Rs

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Q. Opening capital = Rs. 15,000, Closing capital = Rs. 25,000, Capital added during the year = Rs. 10,000, Drawings = Rs. 4,000. Profit during the year will be Rs. ___.

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Opening capital Rs 60,000, Drawings Rs 5,000, capital introduced during the year Rs 10,000, closing capital Rs 90,000. Calculate profit or loss.

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Closing capital= Rs. 2,00,000, Profit = Rs. 50,000, Drawings = Rs. 5,000, what will be the opening capital ?

The correct option is C Rs. 1,55,000 Opening capital = Closing capital - Profit + Drawings = Rs. 2,00,000 - Rs. 50,000 + Rs. 5,000 = Rs. 1,55,000.

The correct option is C
Rs. 1,55,000

Opening capital
= Closing capital - Profit + Drawings
= Rs. 2,00,000 - Rs. 50,000 + Rs. 5,000
= Rs. 1,55,000.