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If Bs opening capital is Rs 45000 drawings are Rs 7000 and closing balance is Rs 52000 what was profit share?

Answer and explanation

Correct answer: Rs 14000

Direct answer: Option A, Rs 14,000. Under the stated calculation, closing capital equals opening capital minus drawings plus profit share. Let profit share be P. Then Rs 52,000 = Rs 45,000 − Rs 7,000 + P. The amount after opening capital and drawings is Rs 38,000. Therefore P = Rs 52,000 − Rs 38,000 = Rs 14,000. Option A is correct. Option B, Rs 7,000, only repeats the drawings and does not restore the capital to the closing amount. Option C, Rs 10,000, would give closing capital of Rs 48,000, not Rs 52,000. Option D, Rs 52,000, is the closing balance itself, not the profit share. The result assumes no other item, such as interest on capital or salary, is involved, as the question implies. Memory cue: closing = opening − drawings + profit; rearrange to find profit.

Related tags

Missing ProfitCapital ReconciliationNumerical

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