Please Help: Accounts

Posted Date : 06-Oct-2011 , 01:36:49 pm | Posted By Puran Chand

3. Opening capital 4,00,000 profit of the current year 1,00,000 then average capital is ____
a) 5,00,000 b) 4,50,000 c) 3,50,000 d) 3,00,000

solve pls, I cannt understand

Category : Students | Answers : 4 | Comments : 5 | Hits : 488

Answers

Answer By: PRIYANKA

Avg capital is Opening Capital + closing capita/2, Hence in this Case it would come out to Rs 450000/- as said by anu.

Answer By: AKHIL MAHESHWARI

yes, it is correct method and the answer is b) 450000, as in the question closing capital is unavailable, the formula will be average capital= opening capital + 1/2 of Profit After Tax.
and as per this formula the average capital calculated earlier is correct. For further bifurcation of the formula, you may ask.....

Answer By: CA VIKAS JAIN

4,50000

Answer By: Ketan Samdani

Ans- 450000
( 400000 +500000 ) / 2