Question

At the beginning of an accounting year a club has assets of Rs. 19,000 and liabilities of Rs.5,000. Rs. 1,800 is the debit balance of the income & expenditures account. The opening capital fund is *

2 points

Rs. 18,000

Rs.11,200

Rs.15,800

Rs. 24,800

​

Answer 1

Answer:

15800

Explanation:

=> CAPITAL FUND = EXTERNAL VALUE OF ASSETS +

DEBIT BALANCE OF INCOME AND

EXPENDITURE - LIABILITIES

=> CAPITAL FUND = Rs.19000 + Rs.1800 - Rs.500

=> CAPITAL FUND = Rs.15800

HOPE YOU GOT THE SOLUTION.

THANK YOU .