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If opening capital of a partner in the firm is Rs. 1,00,000 and closing capital is Rs. 2,00,000. Interest on capital allowed during the year Rs. 10,000 and interest on drawings charged during the year Rs. 2,000. If total drawings were Rs. 20,000, the amount of profit transferred to his capital account by the firm would be:a)Rs. 1,00,000b)Rs. 1,20,000c)Rs. 1,22,000d)Rs. 1,12,000Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If opening capital of a partner in the firm is Rs. 1,00,000 and closing capital is Rs. 2,00,000. Interest on capital allowed during the year Rs. 10,000 and interest on drawings charged during the year Rs. 2,000. If total drawings were Rs. 20,000, the amount of profit transferred to his capital account by the firm would be:a)Rs. 1,00,000b)Rs. 1,20,000c)Rs. 1,22,000d)Rs. 1,12,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If opening capital of a partner in the firm is Rs. 1,00,000 and closing capital is Rs. 2,00,000. Interest on capital allowed during the year Rs. 10,000 and interest on drawings charged during the year Rs. 2,000. If total drawings were Rs. 20,000, the amount of profit transferred to his capital account by the firm would be:a)Rs. 1,00,000b)Rs. 1,20,000c)Rs. 1,22,000d)Rs. 1,12,000Correct answer is option 'D'. Can you explain this answer?.

Solutions for If opening capital of a partner in the firm is Rs. 1,00,000 and closing capital is Rs. 2,00,000. Interest on capital allowed during the year Rs. 10,000 and interest on drawings charged during the year Rs. 2,000. If total drawings were Rs. 20,000, the amount of profit transferred to his capital account by the firm would be:a)Rs. 1,00,000b)Rs. 1,20,000c)Rs. 1,22,000d)Rs. 1,12,000Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of If opening capital of a partner in the firm is Rs. 1,00,000 and closing capital is Rs. 2,00,000. Interest on capital allowed during the year Rs. 10,000 and interest on drawings charged during the year Rs. 2,000. If total drawings were Rs. 20,000, the amount of profit transferred to his capital account by the firm would be:a)Rs. 1,00,000b)Rs. 1,20,000c)Rs. 1,22,000d)Rs. 1,12,000Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of If opening capital of a partner in the firm is Rs. 1,00,000 and closing capital is Rs. 2,00,000. Interest on capital allowed during the year Rs. 10,000 and interest on drawings charged during the year Rs. 2,000. If total drawings were Rs. 20,000, the amount of profit transferred to his capital account by the firm would be:a)Rs. 1,00,000b)Rs. 1,20,000c)Rs. 1,22,000d)Rs. 1,12,000Correct answer is option 'D'. Can you explain this answer?, a detailed solution for If opening capital of a partner in the firm is Rs. 1,00,000 and closing capital is Rs. 2,00,000. Interest on capital allowed during the year Rs. 10,000 and interest on drawings charged during the year Rs. 2,000. If total drawings were Rs. 20,000, the amount of profit transferred to his capital account by the firm would be:a)Rs. 1,00,000b)Rs. 1,20,000c)Rs. 1,22,000d)Rs. 1,12,000Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of If opening capital of a partner in the firm is Rs. 1,00,000 and closing capital is Rs. 2,00,000. Interest on capital allowed during the year Rs. 10,000 and interest on drawings charged during the year Rs. 2,000. If total drawings were Rs. 20,000, the amount of profit transferred to his capital account by the firm would be:a)Rs. 1,00,000b)Rs. 1,20,000c)Rs. 1,22,000d)Rs. 1,12,000Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice If opening capital of a partner in the firm is Rs. 1,00,000 and closing capital is Rs. 2,00,000. Interest on capital allowed during the year Rs. 10,000 and interest on drawings charged during the year Rs. 2,000. If total drawings were Rs. 20,000, the amount of profit transferred to his capital account by the firm would be:a)Rs. 1,00,000b)Rs. 1,20,000c)Rs. 1,22,000d)Rs. 1,12,000Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.