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As opening capital is Rs 70000. Additional capital is Rs 10000 loss share is Rs 8000 and closing capital is Rs 68000. What were the drawings?

Answer and explanation

Correct answer: Rs 4000

Rs 70000 plus Rs 10000 minus Rs 8000 equals Rs 72000. Closing capital is Rs 68000 so drawings are Rs 4000.

Related tags

Missing DrawingsCapital ReconciliationLossCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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