Question

Please help me solve with steps

Answer 1

The capital on 31 January 2020 was approx $ 50000 as the owner has not make any drawing this year. Hence option B is correct

What is capital?

Capital is defined as the total amount of financial resources needed to manufacture goods or services. These cash may be employed to start up operations, cover ongoing costs, or develop and extend the company.

As given profit made this year = $ 10000

So the capital on 31 January 2020 = approx $ 50000

Thus, the capital on 31 January 2020 was approx $ 50000 as the owner has not make any drawing this year. Hence option B is correct

To learn more about capital, refer to the link below:

brainly.com/question/29052534

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