CUET Preparation Today
Opening capital balances of partners will be calculated by using which of the following formula:- |
Closing Capital - Addition to the Capital + Withdrawal of Capital - interest on Capital + Drawings + interest on drawings + Share of Loss + Share of Profit Closing Capital - Addition to the Capital + Withdrawal of Capital - interest on Capital + Drawings + interest on drawings Share of Loss - Share of Profit Closing Capital - Addition to the Capital + Withdrawal of Capital - interest on Capital + Drawings + interest on drawings + Share of Loss - Share of Profit Closing Capital - Addition to the Capital + Withdrawal of Capital + interest on Capital + Drawings + interest on drawings + Share of Loss - Share of Profit |
Closing Capital - Addition to the Capital + Withdrawal of Capital - interest on Capital + Drawings + interest on drawings + Share of Loss - Share of Profit |
The correct answer is Option (3) → Closing Capital - Addition to the Capital + Withdrawal of Capital - interest on Capital + Drawings + interest on drawings + Share of Loss - Share of Profit |
