Question

Ans: Capital at the beginning of the year : Rs.2,60,0001.
5 Following information is given below : calculate the closing capital
Jan. 01, 2013
Dec. 31, 2013
Rs.
Rs.
Creditors
5.000
30.000
Bills payable
10.000
Loan
50,000
Bills receivable
30.000
50.000
Stock
5.000
30,000
Cash
2.000
20,000
Ans: Closing capital : Rs.20.000).
Calculation of profit or loss and ascertainment of statement of affairs at
the end of the year (Opening Balance is given)​

Answer 1

Answer:

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