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A opening capital is seventy five thousand rupees. During the year profit share is nine thousand rupees salary is six thousand rupees and drawings are ten thousand rupees. What is closing capital under fluctuating method?

Answer and explanation

Correct answer: Eighty thousand rupees

Profit and salary are added and drawings are deducted. Seventy five thousand plus nine thousand plus six thousand minus ten thousand equals eighty thousand.

Related tags

Fluctuating CapitalSalary Profit DrawingsNumericalCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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