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Commerce · Q977

Accounting

Graduate and Post Graduate · Commerce · question 977

Q977

The capital of a partner at the end of the year is Rs. 20,000. His share of profit and drawing during the year is 10,000 and 5,000 respectively. His opening capital would be

A.
Rs. 17,000
B.
Rs. 20,000
C.
Rs. 15,000
Answer
D.
Rs. 16,500

Answer: Option C

Solution

Answer: Option C
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