Question

From the following, calculate the capital at the beginning:

| Particulars | Rs. |
| Capital at the end of the year | 85,330 |
| Drawings made during the year | 10,000 |
| Additional Capital | 15,000 |
| Profit made during the year | 30,330 |

Answer 1

| Closing Capital | 85,330 |
| Add: Drawings | 10,000 |
| | 95,330 |
| Less: Additional Capital | 15,000 |
| | 80,330 |
| Less: Profit | 30,330 |
| Capital of Opening/Beginning | 50,000 |