alleryStart learning →Debit total is Rs 1,20,000. Credits are Sales 45,000 and Creditors 15,000. What is Capital?
ARs 60,000
BRs 75,000
CRs 1,05,000
DRs 45,000
Answer & Solution
Correct answer: A. Rs 60,000
Credits must equal 1,20,000, so Capital is 1,20,000 minus 60,000, which is Rs 60,000.
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