Question

Opening capital = Rs. 2,00,000 , Closing capital = Rs. 3,00,000 , Profit for the year = Rs. 1,20,000 , Additional capital introduced during the year = Rs. 1,60,000. What shall be the drawings ?

• A. Rs. 4,20,000
• B. Rs. 4,80,000
• C. Rs. 1,80,000
• D. Rs. 1,00,000

Answer 1

The correct option is C

Rs. 1,80,000

Drawings
= Opening capital + Profit + Additional capital - Closing capital

= Rs. 2,00,000 + Rs. 1,20,000 + Rs. 1,60,000 - Rs. 3,00,000

= Rs. 1,80,000