Question

Question : From the following information, calculate Capital at the beginning:

Items	(Rs)
Capital at the end of the year	$4,00,000$
Drawings made during the year	$60,000$
Fresh Capital introduce during the year	$1,00,000$
Profit of the current year	$80,000$

Answer 1

Answer : Statement Showing Capital at the Beginning of the Year

Particulars	Amt. (Rs)
Capital at the end of the year	$4,00,000$
(+) Drawings made during the year	$60,000$
	4,60,000
(-) Fresh Capital introduced during the year	$1,00,000$
	$3,60,000$
(-) Profit of the Current year	$80,000$
Capital at the Beginning of the year	$2,80,000$