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If As opening capital is Rs 50000 and closing balance is Rs 62000 with no drawings what is the total effect of profit or additional capital?

Answer and explanation

Correct answer: Increase of Rs 12000

Closing balance is Rs 12000 more than opening balance. With no drawings this increase comes from profit or additional capital.

Related tags

Capital BalanceChange AnalysisNumericalCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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