The calculation for closing capital is as follows:Closing Capital = Initial Capital + Profit + Salary - Drawings - Cash ShortageClosing Capital = ₦40,000 + ₦50,000 + ₦40,000 - ₦20,000 - ₦30,000Closing Capital = ₦140,000 - ₦20,000 - ₦30,000Closing Capital = ₦140,000 - ₦50,000Closing Capital = ₦90,000Therefore, the closing capital for Beauty would be ₦90,000.Hence, the correct answer is ₦90,000.
