Question

if assets of business firm are ruppes 70000 and liabilities are ruppess 40000 capital will be​

Answer 1

Answer:

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Answer 2

Answer:

Given :

• Asset = 70,000

• Liabilities = 40,000

We know that,

Capital = Assets - Liabilities

So,

Capital :

= 70,000 - 40,000

= 30,000

$\therefore$Capital = 30,000.

_________________________

★Dual Aspect concept

As Dual aspect concept, every transaction has a dual effect receiving aspect and giving aspect.

Accounting Equations are developed with the help of dual aspect concept.

Accounting Equations :-

${\boxed{\tt{\bullet \: assets \: = Liabilities + capital}}}$

${\boxed{\tt{\bullet \: Liabilities \: = assets - capital}}}$

${\boxed{\tt{\bullet \: capital = assets - Liabilities \:}}}$