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The closing capital account balance of a business as of 30 June is $110000. The opening capital account balance on 1 June was $100000. The
The closing capital account balance of a business as of 30 June is $110000. The opening capital account balance on 1 June was $100000. The profit or loss summary (profit for the period) closed off to the capital account was $20000. What was the Drawing balance closed off to the capital account?
Select one:
a. $10000.
b. $80000.
c. $20000.
d. $110000.
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