Question

2. Calculate the amount of total assets and capital as on 31.12.2013 in each of the following
cases:
i. Shyam started a business on 1.1.2013 with a capital of Rs.10,000 and a loan of Rs. 5,000
borrowed from Chirag. During the year, he made a profit of Rs.5,000.
ii. If in the above case the proprietor had introduced additional capital of Rs.5,000 and had
withdrawn Rs.3,000 for personal use. iii. If in the above case, apart from the loan, Shyam owes
2,500 to a supplier of goods on 31.12.2013.

Answer 1

Answer:

10000-5000

Explanation:

12000-2500