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A person started a business with capital of Rs. 50,000 and he takes loan from his relative Rs. 5,000. Profit for the year is Rs. 10,000 and drawings Rs. 9,000. What will be the amount of closing capital ?a)Rs. 60,000b)Rs. 51,000c)Rs. 56,000d)Rs. 46,000Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A person started a business with capital of Rs. 50,000 and he takes loan from his relative Rs. 5,000. Profit for the year is Rs. 10,000 and drawings Rs. 9,000. What will be the amount of closing capital ?a)Rs. 60,000b)Rs. 51,000c)Rs. 56,000d)Rs. 46,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A person started a business with capital of Rs. 50,000 and he takes loan from his relative Rs. 5,000. Profit for the year is Rs. 10,000 and drawings Rs. 9,000. What will be the amount of closing capital ?a)Rs. 60,000b)Rs. 51,000c)Rs. 56,000d)Rs. 46,000Correct answer is option 'B'. Can you explain this answer?.

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Here you can find the meaning of A person started a business with capital of Rs. 50,000 and he takes loan from his relative Rs. 5,000. Profit for the year is Rs. 10,000 and drawings Rs. 9,000. What will be the amount of closing capital ?a)Rs. 60,000b)Rs. 51,000c)Rs. 56,000d)Rs. 46,000Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A person started a business with capital of Rs. 50,000 and he takes loan from his relative Rs. 5,000. Profit for the year is Rs. 10,000 and drawings Rs. 9,000. What will be the amount of closing capital ?a)Rs. 60,000b)Rs. 51,000c)Rs. 56,000d)Rs. 46,000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A person started a business with capital of Rs. 50,000 and he takes loan from his relative Rs. 5,000. Profit for the year is Rs. 10,000 and drawings Rs. 9,000. What will be the amount of closing capital ?a)Rs. 60,000b)Rs. 51,000c)Rs. 56,000d)Rs. 46,000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A person started a business with capital of Rs. 50,000 and he takes loan from his relative Rs. 5,000. Profit for the year is Rs. 10,000 and drawings Rs. 9,000. What will be the amount of closing capital ?a)Rs. 60,000b)Rs. 51,000c)Rs. 56,000d)Rs. 46,000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A person started a business with capital of Rs. 50,000 and he takes loan from his relative Rs. 5,000. Profit for the year is Rs. 10,000 and drawings Rs. 9,000. What will be the amount of closing capital ?a)Rs. 60,000b)Rs. 51,000c)Rs. 56,000d)Rs. 46,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.