Opening capital = Rs.5,00,000 Drawings = Rs.1,20,00Assets = Rs.8,500 Liabilities =Rs.75,00. Closing Capital & Profit will be Rs._
A. 8,50,000 & 3,95,000
B. 7,75,000 & 3,95,000
C. 7,75,000 & 1,55,000
D. 8,50,000 & 3,55,000
Answer:B
Opening capital = Rs.5,00,000 Drawings = Rs.1,20,00Assets = Rs.8,500 Liabilities =Rs.75,00. Closing Capital & Profit will be Rs._
A. 8,50,000 & 3,95,000 B. 7,75,000 & 3,95,000 C. 7,75,000 & 1,55,000 D. 8,50,000 & 3,55,000