9. From the following information calculate opening and closing capital.
Particulars 1-1-2012 31-12-2012
Rs
Rs
Cash in hand 1.500/-
2.800/-
Cash at bank 2.200/-
4.700/-
Bills receivable 3.500/-
5.300/-
Sundry debtors 10.800/-
12.400/-
Stock
8.400/-
9.200/-
Sundry creditors 6.300/-
4.200/-
Furniture
5.000/-
5.000/-
Machinery
10.000/ 10.000/-
Building
20.000/ 20.000/-
Answers
Statement of Affairs as on 1.1.2012
Liabilities Amt Assets Amt
Sundry Creditors 6300 Cash in Hand 1500
Capital ( opening ) 55100 Cash at Bank 2200
Bill Receivable 3500
Sundry Debtors 10800
Stock 8400
Furniture 5000
Machinery 10000
Building 20000
61400 61400
Statement of Affairs as on 31.12.2013
Liabilities Amt Assets Amt
Sundry Creditors 4200 Cash in Hand 2800
Capital ( closing ) 65200 Cash at Bank 4700
Bill Receivable 5300
Sundry Debtors 12400
Stock 9200
Furniture 5000
Machinery 10000
Building 20000
69400 69400
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