Owners equity balance at the end is Rs. 21,000. During the year additional capital introduced by owner is Rs. 6,000 and drawings made is Rs. 4,000. If net profit for the year is Rs. 8,000. Then what is the balance of owner is equity in the beginning?
A. Rs. 23,000
B. Rs. 21,000
C. Rs. 19,000
D. Rs. 11,000
Answer: Option D
This Question Belongs to Commerce >> Accounting
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