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Numerical Example of Assets Realisation

If the openin...

Question

If the opening capital is Rs.80000, closing capital is Rs.180000, withdrawals are Rs.10000 and additional capital brought in is Rs.20000 the profit will be Rs.________________.

A

90000

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B

110000

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C

70000

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D

150000

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Solution

The correct option is D 90000
Profit/loss = Closing capital + Drawings - (opening capital + additional capital)

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