Given:
Opening capital – #1,500
Capital introduced – # 500
Profit for the year – # 800
Cash drawings – # 250
Calculate the closing capital
A #2,550
B #2,500
C #2,350
D #2,250
Answer is A
Tutors, Past Questions and Projects.
Given:
Opening capital – #1,500
Capital introduced – # 500
Profit for the year – # 800
Cash drawings – # 250
Calculate the closing capital
A #2,550
B #2,500
C #2,350
D #2,250
Answer is A