Beauty started business with ₦40,000, made a profit of ₦50,000 and ended the year with ₦70,000 capital. What would have accounted for the closing capital?
a
Drawings of ₦20,000 was made
b
The opening capital of ₦40,000 was invested
c
Beauty was paid a salary of ₦90,000
d
Cash shortage of ₦30,000 was recorded
Explanation
Correct Option
cVideo Explanation
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