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.
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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
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