Question

At the beginning of the year, Calling Station had liabilities of 100,000 and the owner’s equity of 96,000. If the asset increased by 40,000 and liabilities decreased by 30,000, what was the owner’s equity at the end of the year?

Answer 1

Answer:

Rs. 1,10,000

Explanation:

As assets increase by 40,000 , So the capital becomes 1,40,000 .

And ,when the liabilities decreases by 30,000 the capital becomes 1,10,000