Ayub's capital at the beginning of the trading period was sh.300000. During the year he invested additional capital of sh.26000 in form of cash. He...

Ayub's capital at the beginning of the trading period was sh.300000. During the year he invested additional capital of sh.26000 in form of cash. He also took sh.40000 in cash and stock valued at sh.25000 from the business for his personal use
Determine Ayub's capital at the end of the trading period

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Closing capital=Opening capital+Additional investment-
Drawings

Therefore:
=300000+26000-(40000+25000)
= Sh. 261,000

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maalimA answered the question on March 28, 2019 at 09:54

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