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Q. > Please Help: Accounts
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
answered Oct 11, 2011 by PRIYANKA , GREATER NOIDA
Avg capital is Opening Capital + closing capita/2, Hence in this Case it would come out to Rs 450000/- as said by anu.
answered Oct 12, 2011 by AKHIL MAHESHWARI , Bhilwara
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.....
answered Oct 15, 2011 by CA VIKAS JAIN , DELHI
4,50000
answered Mar 03, 2012 by Ketan Samdani , V V Nagar
Ans- 450000
( 400000 +500000 ) / 2
Experts Panelist
Comments
anu jain
07-Oct-2011 , 01:44:03 pmop capital+profit of current year= cl capital. 4lakh +1lakh=5lakh. avg capital= (op capital+cl capital)/ 2 = 4lakh + 5lakh = 9lakh/2 = 4.5 lakh ans is b.
Puran Chand
07-Oct-2011 , 09:19:17 pmThinking you CA Anu Jain ji.
anu jain
08-Oct-2011 , 09:27:44 ami m nt a ca i m jst a student like u... dnt need to say thanks...
Puran Chand
09-Oct-2011 , 08:17:56 amdon't worry you be a CA, If you r a student of CA........
AKHIL MAHESHWARI
09-Oct-2011 , 09:04:07 pmfully agree with anu jain...