English

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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Question

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

MCQ
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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

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Chapter 10: Single Entry System - EXERCISE [Page 356]

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Balbharati Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
Chapter 10 Single Entry System
EXERCISE | Q 3. 8) | Page 356
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