Answer:
Rs 38640
Explanation:
Closing capital is the summary of transaction including current assets and long term prepaid less total liabilities as of close of business on the closing date
Cash Stock Adv. Salary out. creditor Capital
Opening capital 36,000 36,000
Advanced rent (300) 300
Purchase for cash (18000) 18000
Credit purchase 20000 20000
Goods sold 18000 (12000) 6000
Salary (300) 60 (360)
Drawings (3000) (3000)
32400 26000 300 60 20000 38640
Closing capital = Rs 38640
Answer:
The correct answer is $800
Explanation:
Giving the following information:
Fulbright Corp. uses the periodic inventory system.
Fulbright made the following purchases (listed in chronological order of acquisition):
· 40 units at $100
· 70 units at $80
· 170 units at $60
Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.
Ending inventory= [(100 + 80 + 60)/3]*10
Ending inventory= 80*10= $800
That I do not know I am soo sorry
It can help safeguard your credit and protect you from lawsuits also you can avoid large medical bills also you can evaluate the risks involved with situations you might face while driving, hanging with friends, or being adventurous