Question

X has the following assets and liabilities as on 31st

Q: Answer-X has the following assets and liabilities as on 31st March, 2024. Determine his capital: Cash: ₹25,...

Capital is calculated using the formula Capital Assets - Liabilities Assets Cash Bank Debtors Plant and Machinery Building Furniture Bills Receivable Liabilities Creditors Bills Payable Capital 25,000 47,500 18,000 80,000 2,00,000 24,000 56,500 - 22,000 23,500 4,51,000 - 45,500 4,05,500

March, 2024. Determine his capital: Cash: ₹25,000 Bank: ₹47,500 Debtors: ₹18,000 Creditors: ₹22,000 Plant and Machinery: ₹80,000 Building: ₹2,00,000 Furniture: ₹24,000 Bills Receivable: ₹56,500 Bills Payable: ₹23,500

A ₹3,80,000

B ₹4,05,500

C ₹4,51,000

D ₹4,25,000

E ₹3,50,000

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