alleryStart learning →Capital rose from Rs 4,00,000 to Rs 4,80,000; drawings Rs 50,000. Profit?
ARs 30,000
BRs 1,30,000
CRs 80,000
DRs 1,80,000
Answer & Solution
Correct answer: B. Rs 1,30,000
Profit = closing capital - opening capital + drawings = 80,000 + 50,000 = 1,30,000.
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