Question

If cash is Rs. 10,000, Land Rs. 2,00,000, debtors Rs. 7,000 and creditors Rs. 17,000, the amount of capital would be : (1) Rs. 2,00,000 (2) Rs. 2,34,000 (3) Rs. 2,14,000 (4) Rs. 2,17,000

Answer 1

Answer:

1)200000

Explanation:

Total Assets = Cash + Land +Debtor

                     = 10000+200000+7000

                     =217000

Capital = Total Assets - Creditors

            = 217000-17000

            =200000

Ans.200000