alleryStart learning →A trader began with Rs 2,00,000 capital, then lost Rs 25,000 and withdrew Rs 15,000. Closing capital is
ARs 2,40,000
BRs 1,85,000
CRs 1,60,000
DRs 1,75,000
Answer & Solution
Correct answer: C. Rs 1,60,000
A loss and drawings both reduce capital: 2,00,000 - 25,000 - 15,000 = Rs 1,60,000.
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