alleryStart learning →Opening capital Rs 3,00,000, closing Rs 3,50,000, drawings Rs 40,000, capital added Rs 30,000. Profit?
ARs 20,000
BRs 1,20,000
CRs 60,000
DRs 80,000
Answer & Solution
Correct answer: C. Rs 60,000
Profit = (3,50,000 - 3,00,000) + 40,000 - 30,000 = 60,000.
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