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Teaching Accountancy Final Accounts Question Bank MCQ - Final Accounts

  • question_answer
    F’s capital on 1st January, 2002 is ` 45000 interest on drawings is ` 5000 interest on capital is ` 2000 drawings are ` 14000, profit for the year is ` 15000. His capital as on 31.12.2002 is

    A)  ` 67000                                               

    B)  ` 47000

    C)  ` 43000                                               

    D)  ` 69000

    Correct Answer: C

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