Opening capital Rs 10,000, Profit during the year Rs 5,000, Drawings Rs 2,000 , Additional Capital introduced Rs 1,000. Determine the amount of closing stock?

Rs. 14,000

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Rs. 16,000

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Rs. 18,000

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Rs. 20,000

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Solution

The correct option is A Rs. 14,000
Calculation of closing stock = Opening stock +Profit +Additional capital - Drawings
= 10000 + 5000 +1000 - 2000
= Rs 14000.

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Opening capital Rs 10,000, Profit during the year Rs 5,000, Drawings Rs 2,000 , Additional Capital introduced Rs 1,000. Determine the amount of closing stock?

The correct option is A Rs. 14,000Calculation of closing stock = Opening stock +Profit +Additional capital - Drawings= 10000 + 5000 +1000 - 2000= Rs 14000.

The correct option is A Rs. 14,000
Calculation of closing stock = Opening stock +Profit +Additional capital - Drawings
= 10000 + 5000 +1000 - 2000
= Rs 14000.