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As closing capital is Rs 130000. Opening capital is Rs 100000 additional capital Rs 25000 profit share Rs 15000 and interest on drawings Rs 2000. What were drawings?

Answer and explanation

Correct answer: Rs 8000

After credits capital becomes Rs 140000. To get closing Rs 130000 drawings and interest total Rs 10000 so drawings are Rs 8000.

Related tags

Missing DrawingsCapital ReconciliationInterest On DrawingsCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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