Question

From the following information, calculate the total assets of the business Capital - Rs. 80,000, Creditors Rs. 60,000, Revenue during the period = Rs. 1,00,000 Expenses during the period - Rs. 80,000, Value of unsold stock - Rs. 20,000​

Answer 1

Explanation:

total Asset are 1,60,00

Answer 2

The total value of the asset is 60,000

Given:

Capital = Rs.80,000

Creditors = 60,000

Revenue during the period = Rs. 1,00,000

Expenses during the period = Rs. 80,000,

Value of unsold stock = Rs. 20,000​

To Find:

The total value of assets

Solution:

Capital after Adjustments  

= Capital + Revenue – Expenses

= 80,000 + 1,00, 000 - 80,000

= 1,00,000

Now,

Capital after Adjustments  + Creditors

= 1,00,000 + 60,000

= 1,60,000

Answer: The total value of the asset is 60,000

#SPJ2