Question

Calculate the total assets if :
i) Capital is ₹40,000.
ii) Creditors are ₹25,000.
iii) Revenue during the period is ₹50,000.
iv) Expenses during the period are ₹40,000.​

Answer 1

Answer:

Capital after Adjustments = Capital + Revenue – Expenses = Rs.40,000 + Rs.50,000 – Rs.40,000 = Rs.50,000 Total Assets = Capital after adjustment + Creditors = Rs.50,000 + Rs.25,000 = Rs.75,000

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Answer 2

Explanation:

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