If Building (closing) Rs.100,000, Land (opening) Rs. 100,000, Creditors (opening) Rs.10,000 then opening capital:

Related MCQs

• Cash paid to creditors + closing creditors – opening creditors =
• If opening capital is Rs.5,000; closing capital - Rs.7,000; drawings - Rs.1,000 and additional capital introduced during the year is Rs.500; then, the amount of profit made would amounted to
• If the opening capital is Rs.20,000 and closing capital is Rs.25,000; drawings made amounted to Rs.1,800; then, the amount of Rs.________ must be introduced as an additional capital during the year in order to earn a profit of Rs.2,800.
• If average inventory is `1,25,000 and closing inventory is `10,000 less than opening inventory then the value of closing inventory will be
• Opening Debtors, Collection from Debtors and Discount Allowed were `3,15,000; `18,30,000 and `35,000 respectively. If the closing debtors were 20% of credit sales of the period then closing debtors and credit sales would be
• If opening capital is Rs.10,000 & closing capital is Rs.15,000 then profit or loss:
• When closing capital is less than opening capital, it denotes
• To ascertain the real profit, the difference between the closing capital and opening capital is adjusted by:
• When closing capital is more than opening capital it means
• From the profits of previous three years, Rs 150000, Rs 300000, and Rs250000/- and the loss in a year ( Rs. 100000/-) the value of goodwill at three years of purchase is ---------