Question

Assets 99,000 = liabilities 44,000 + capital ?

Answer 1

Given-

• Assets = Rs. 99,000
• Liabilities = Rs. 44,000

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Need to calculate-

• Value of Capital.

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Solution-

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☯ Here, we are going to use a simple formula of Assets, liabilities and capital.

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★ $\large{\boxed{\bf{\red{Assets = Liabilities + Capital}}}}$ ★

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⠀⠀⠀⠀⠀⠀⠀⠀⠀Putting values

➝ 99,000 = 44,000 + Capital

➝ Capital = 99,000 - 44,000

➝ Capital = Rs. 55,000

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Hence, the amount of capital is Rs. 55,000.

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♣ This formula is given in the chapter (Accounting equations) of class 11th accountancy.