Start learning 50% faster. Sign in now
Total assets on 31 Dec = Computers and furniture +inventory of raw material + finished goods + prepayments + trade receivables = 60,000+ 16,500 + 7,400 + 1,500 + 4,500 = 89,900 Total liabilities on 31 dec = bank overdraft + trades payable + provision for bad debts + bank loan + interest payable + accrued expenses = 11,600 + 5,500+2000+39,000+500+2600 = 61,200 As per accounting equation, Equity or Capital = Assets – liabilities = 89,900 – 61,200 = 28,700 As such, the closing Capital on 31st Dec is 28,700. Closing Capital = Opening capital + Profit for the year – Drawings 28,700 = 10,000 +profit – 35,000 Or Profit = 53,700
The principal of the school says that they don’t favor ragging.
The groom said to the bride, "I will take good care of you."
Select the most appropriate indirect/direct form of the given sentence.
Laila said to Majnu, “do not try to play with me .”
Ram said,"Are you really serious about becoming a pilot, son?"
Aunt said to mother, "I will be in Surat on Friday."
Select the most appropriate indirect form of the given sentence.
“What sort of a house are you looking for, Mr. Barrington?” said the house...
Select the correct indirect/direct speech for the given sentence.
“ Need I eat it all mother?” said Krishna “yes dear ,you must,�...
Select the correct indirect/direct speech for the given sentence
“ I lost my necklace yesterday”, seema said to her mother.
...Choose the option that is the direct form of the sentence.
He asked me to wait there until I got my turn.
Change the following sentence to Direct Speech.
Mrs. Murthy asked the grief-stricken mother how the stove had burst.