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At 1 September 20X1 the balance on Hais capital account was R31 754. In the...

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Accounting

At 1 September 20X1 the balance on Hais capital account was R31 754. In the year to 31 August 20X2 he invested an additional amount of R40 000 of personal funds and took a loan of R80 000 for the business. The income statement for the year to 31 August 20X2 reported a profit of R48 634 and Hais drawings during the year were R28 500. What is Hais closing capital balance at 31 August 20X2? Select one: a. R91 888 b. R151 754 c. R43 254 d. R123 254

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