Examveda
Examveda

Given,
1st January 31st December
Assets Rs. 30,000           -
Liability Rs. 13,000           -
Capital           - Rs. 16,500

Drawing during the year is Rs. 4,000 Capital on 1th January is:

A. Rs. 12,500

B. Rs. 16,500

C. Rs. 7,000

D. Rs. 43,000

Answer: Option C


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