Opening capital Rs. 20,000, Closing Capital Rs. 10,000, profit during the year Rs. 5,000, Additional Capital introduced Rs. 1,000, Drawings will be _________.

Rs. 16,000

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Rs. 18,000

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Rs. 23,000

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Rs. 25,000

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Solution

The correct option is A Rs. 16,000
Calculation of drawings =
Opening capital + Additional capital + Profit - Closing capital
= 20000 + 1000 + 5000 - 10000
= 16000

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Opening capital Rs. 20,000, Closing Capital Rs. 10,000, profit during the year Rs. 5,000, Additional Capital introduced Rs. 1,000, Drawings will be _________.

The correct option is A Rs. 16,000Calculation of drawings = Opening capital + Additional capital + Profit - Closing capital = 20000 + 1000 + 5000 - 10000 = 16000

The correct option is A Rs. 16,000
Calculation of drawings =
Opening capital + Additional capital + Profit - Closing capital
= 20000 + 1000 + 5000 - 10000
= 16000