Question

From the following information calculate Opening Capital funds as on 1 Jan 2017. Building, 1,20,000. Furniture 24,000.
Cash in hand (1.1.2017), 18,700. Fixed Deposito (1.1.2017), 20,500 Outstanding Subscription for 1 Jan. 2017,9,700
Outstanding salary 6,700, Subscription Received in Advance for 1 Jan. 2017, 6,200 Creditors for Sports material as on 1
Jan. 2017,5,000. Capital Fund (B/F)​

Answer 1

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