Home › Bihar Board Class 12 (Commerce) › Accountancy › Accounts from Incomplete Records › Capital grew from Rs 50,000 to Rs 75,000, with R…
Capital grew from Rs 50,000 to Rs 75,000, with Rs 15,000 newly added. Profit:
ARs 25,000
BRs 40,000
CRs 10,000
DRs 15,000
Answer & Solution
Correct answer: C. Rs 10,000
Adjusted closing capital is 75,000 minus 15,000, which is 60,000; less 50,000 opening gives 10,000.
Related questions
Under single entry, information is mostly collected from the:Under single entry, some transactions are even:The Kohler definition describes single entry as always being:Under the statement of affairs method, closing stock is found from:A single-entry system is not self-balancing, so arithmetic errors are:Single-entry systems are popular with small businesses because of their:Bills payable of Rs 3,000 were pending; Rs 9,000 more were accepted and Rs 2,000 remain. PA firm held Rs 5,000 of bills receivable, got Rs 12,000 more and holds Rs 4,000 at year en