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A shopkeeper's capital fell from Rs 90,000 to Rs 70,000 despite Rs 5,000 drawings. The year gave a:
ALoss of Rs 20,000
BLoss of Rs 15,000
CProfit of Rs 15,000
DLoss of Rs 25,000
Answer & Solution
Correct answer: B. Loss of Rs 15,000
70,000 plus 5,000 is 75,000, which is 15,000 below the opening capital of 90,000, so it is a loss.
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