Given:
Opening capital – #50,000
Closing capital – #64,000
Drawings – #16,000
A. #2,000
B. #14,000
C. #20,000
D. #30,000
Correct Answer:
Option D – #30,000
Explanation
closing capital – opening capital + drawings
64,000 – 50,000 – 16,000 = 30,000
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