Question

if asset is 240000 and liabilities is 150000 then what is the amount of capital.​

Answer 1

Answer:

90000

Explanation:

capital =asset -liability

Answer 2

Accounting Equation

Explanation:

Given:

Total assets = 2,40,000

Other liabilities = 1,50,000

Amount of capital = ?

Computation of amount of capital:

Using Accounting Equation:

Amount of Capital + Other liabilities = Total assets

Amount of Capital + 1,50,000 = 2,40,000

Amount of Capital = 2,40,000 - 1,50,000

Amount of Capital = 90,000

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