Question

4. 'X' commenced business on 1st
April, 2013 with the capital of Rs. 6,
00, 000. On 31st March, 2014 is
assets were worth Rs. 8,00,000 and
liabilities Rs. 50,000. Find out the
closing capital?

Answer 1

Answer:

closing capital=closing assets-closing liability

closing capital=8,00,000-50,000

closing capital=7,50,000

Answer 2

Answer: 650 000

Explanation:

Assets = liabilities +capital

800 000 = 650 000