Calculate Closing Capital: Opening Capital ₹ 90,000; Profit for the year ₹ 25,000; Drawings ₹ 17,000
Calculate Closing Capital:
Opening Capital ₹ 90,000; Profit for the year ₹ 25,000; Drawings ₹ 17,000. During the year proprietor sold ornaments of his wife for ₹ 40,000 and invested the same in business.
[Ans. Closing Capital ₹ 1,38,000.]
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