The proprietor of the sunrise dealer had ksh.13,730/= as capital as at 1st January 2010. The following transactions took place. i) Sold goods worth ksh 3000/= for...

      

The proprietor of the sunrise dealer had ksh.13,730/= as capital as at 1st January 2010.
The following transactions took place.
i) Sold goods worth ksh 3000/= for ksh.9000/=
ii) Deposited ksh.50, 000/= from his personal savings
If his capital as at 31st January 2010 was kshs.62, 230/=, determine the value of drawings
for the month of January 2010.

  

Answers


Kavungya
- Opening capital 13,730
Profit :9000 – 3000 = 6000/-
Additional investment = 50,000/-
Closing capital 62,230/-
Closing capital = opening capital + (profit +addition Investment ) - (loss +drawings)
62,230 = (13,730+6000+50,000) - (drawings)
62,230 = 69,730 – D
D= 69,730 – 62,230
Drawings = 7,500/-
Kavungya answered the question on April 3, 2019 at 11:39


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