Capital at the beginning of the financial year was Rs.1,20,000. Drawings during the year is Rs.10,000 and the business earns a Net Profit at the end of the year is Rs.35,000. What is the amount of Closing capital?

Capital at the beginning of the financial year was Rs.1,20,000. Drawings during the year is Rs.10,000 and the business earns a Net Profit at the end of the year is Rs.35,000. What is the amount of Closing capital?

  • Rs.1,65,000
  • Rs.1,45,000
  • Rs.1,20,000
  • Rs.75,000

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