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Bs closing capital is Rs 92000. Opening capital Rs 85000 profit share Rs 18000 interest on drawings Rs 1000 and additional capital Rs 5000. What were drawings?

Answer and explanation

Correct answer: Rs 15000

After credits capital becomes Rs 108000. To reach closing Rs 92000 drawings and interest total Rs 16000 so drawings are Rs 15000.

Related tags

Missing DrawingsCapital AccountReconciliationCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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