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Select the most appropriate answer from the alternatives given below and rewrite the sentence.Opening Capital is ₹ 30,000; Closing Capital is ₹ 60,000; Withdrawals are ₹ 5,000; and further capital - Book Keeping and Accountancy

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MCQ

Select the most appropriate answer from the alternatives given below and rewrite the sentence.
Opening Capital is ₹ 30,000; Closing Capital is ₹ 60,000; Withdrawals are ₹ 5,000; and further capital brought in is ₹ 3,000; Profit is _______.

Options

  • ₹ 45,000

  • ₹ 35,000

  • ₹ 32,000

  • ₹ 22,000

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Solution

Opening Capital is ₹ 30,000; Closing Capital is ₹ 60,000; Withdrawals are ₹ 5,000 and further capital brought in is ₹ 3,000; .Profit is = ₹ 32,000

Concept: Additional Information (Adjustments)
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 10 Single Entry System
Exercises | Q 3. 8) | Page 356
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