Question

From the following information calculate opening and closing capital.
Particulars
1-1-2012 31-12-2012
Rs . Rs.
Cash in hand
1,500/- 2,800/-
Cash at bank
2.200/- 4,700/-
Bills receivable
3,500/- 5,300/-
Sundry debtors
10,800/- 12,400/-
Stock
8,400/- 9,200/-
Sundry creditors
6,300/- 4,200/-
Furniture
5,000/- 5,000/-
Machinery
10,000/- 10,000/-
Building
20,000/- 20,000/-​

Answer 1

Answer:

Explanation:

as on 1-1-2012: The Total value of assets= 1500+2200+3500+10800+8400+5000+10000+20000=61400

total value of liab = 6300

capital = 61400-6300=55100

Assumed that there was no depreciation on Assets