Capital introduced by Mr. A on January 1,2005 is Rs. 1,00,000. Further capital introduced during the….

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Capital introduced by Mr. A on January 1,2005 is Rs. 1,00,000. Further capital introduced during the year was Rs. 50,000. Mr. A withdrew Rs. 200 per month on the last date of each month. Interest on drawings was charged at the rate of 5%. Profit earned during the year was Rs. 10,000. Therefore, the capital on December 31, 2005 will be

Options :-

1. Rs. 1,57,545
2. Rs. 1,57,000
3. Rs. 1,60,000
4. Rs. 1,55,000

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