2. Questions Bank
  3. Teaching
  4. Accountancy
  5. Final Accounts

Teaching Accountancy Final Accounts Question Bank MCQ - Final Accounts

  • question_answer
    A person started a business with capital of ` 50000 and he takes loan from his relative ` 5000. Profit for the year is ` 20000 and drawings ` 4000. What will be the amount of closing capital?

    A)  ` 60000                                   

    B)  ` 51000

    C)  ` 56000                                   

    D)  ` 66000

    Correct Answer: D

You need to login to perform this action.
You will be redirected in 3 sec spinner