Goods costing Rs 60,000 are sold on credit for Rs 75,000. By how much does the owner’s capital increase?
Correct answer D. Rs 15,000
Explanation
Debtors rise by 75,000 and stock falls by 60,000, so net assets rise by Rs 15,000. This profit increases capital by the same Rs 15,000.
Answer checked How we write and check questions
Discussion