#35,000
#39,000
#45,000
#46,000
Correct answer is B
Adjusted capital=
capital + additional capital - net loss - drawings
35,000 +10,000 -3500 -2500 = 39,000
The estimated profit or loss for a period is calculated by
Closing capital less opening capital add drawings
Opening capital less closing capital add drawings
Opening capital less drawings add closing capital
Opening capital add closing add drawings
Correct answer is A
No explanation has been provided for this answer.
#2,000
#14,000
#20,000
#30,000
Correct answer is D
closing capital - opening capital + drawings
64,000 - 50,000 - 16,000 = 30,000
#8,700
#9,500
#9,700
#10,700
Correct answer is C
capital = assets - liabilities
8,000 +10,500 + 3500 - 2500 - 9800 = 9700
#5,700
#7,700
#9,800
#14,900
Correct answer is B
No explanation has been provided for this answer.