Question

8. The promoter brings capital of Rs.10,000
out of which he purchases furniture worth
Rs. 2,000. The balance sheet of the firm will
show ?
(a) Capital at Rs.8,000 & furniture at
Rs.2.000
b) Capital at Rs.10,000 & furniture at
Rs.2.000
(c) Capital at Rs.10,000 & furniture at
Rs.2,000 & cash Rs.8,000​

Answer 1

Answer:

(C)Capital at Rs.10,000& furniture at Rs.2,000& cash Rs.8,000

Explanation:

Assets. = liability+ capital

cash + furniture. =. 10,000

8,000+2,000. =. 10,000

10,000. =. 10,000