Accountancy, asked by poojaji2606, 2 days ago

18. Calculate Total Equity, if (i) Owner's Equity is * 60,000, (ii) Equity of Creditors is 50,000, (iii) Revenue during the period is * 70,000, (iv) Expenses during the same period are 65,000. Also calculate amount of revised owner's equity. [Ans. Total Equity 1,15,000; Owner's Equity 65,000.)

Answers

Answered by ivdwriddhiman10755

Explanation:

Kailash Satyarthi was born in the Vidisha district of Madhya Pradesh in India. After completing an electrical engineering degree, he worked as a teacher in the area. In 1980, he left teaching and founded the organization Bachpan Bachao Andolan, which has freed thousands of children from slave-like condit

Previous Question

Next Question

18. Calculate Total Equity, if (i) Owner's Equity is * 60,000, (ii) Equity of Creditors is 50,000, (iii) Revenue during the period is * 70,000, (iv) Expenses during the same period are 65,000. Also calculate amount of revised owner's equity. [Ans. Total Equity 1,15,000; Owner's Equity 65,000.)​

Answers

18. Calculate Total Equity, if (i) Owner's Equity is * 60,000, (ii) Equity of Creditors is 50,000, (iii) Revenue during the period is * 70,000, (iv) Expenses during the same period are 65,000. Also calculate amount of revised owner's equity. [Ans. Total Equity 1,15,000; Owner's Equity 65,000.)