wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

If capital at the end of the year is Rs. 7,000, capital introduced during the year is Rs. 5,000, drawings during the year are Rs. 8,000, loss incurred during the year is Rs. 10,000, then capital in the beginning would be equal to.

A
Rs. 12,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Rs. 16,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Rs. 20,000
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
Rs. 30,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is D Rs. 20,000
Capital at the end of year = Rs. 7000
Less-capital introduced during the year =Rs. 5000
Add-Drawings made during the year =Rs. 8000
Add-Loss incurred during the year=Rs. 10,000
Capital at the beginning of the year=Rs. 20,000.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Sales Tax and Value Added Tax
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon