Question

5. What is the amount of capital of the proprietor; if his assets are Rs. 80,000 and liabilities are Rs. 20,000? (a) Rs. 80,000 (b) Rs. 1, 20,000 (c) Rs. 20,000 (d) Rs. 60,000​

Answer 1

Answer:

(d) 60,000

Explanation:

assets = liabilities - capital

80,000 = 20,000 - capital

capital = 80,000 - 20,000

capital = 20,000