Question

Capital 400000;creditor 300000;revenue earned during the period750000 ;expense incurred during the period 200000; value of unsold stock 200000.
Calculate the total assets of the business.

Answer 1

Answer:

Asset = Capital + Liability = 11,50,000 + 300,000 = 14,50,000

Explanation:

Revenue = 750,000

Closing Stock = 200,000

Expenses = 200,000

Net Profit = 750,000 + 200,000 -200,000 = 750,000

Capital = 400,000 + Profit = 11,50,000

Creditor = 300,000