Question

end of the year.
[Ans. Closing Capital 3 3,20,000 ; Total Assets ? 3.70.000
20. Total Asset of Manish as on 31st Dec., 2015 7 40,000. His liabilities were : Creditors ? 10.000 Bank
Overdraft 10,000 ; Bills Payable 8,000.
Calculate his capital as on that date. Record in Accounts.
[Ans. 12.000
Hint. Capital = Assets - Liabilities.​

Answer 1

Answer:

342000

Explanation:

370000-(10000+10000+8000)