Accountancy, asked by tigergirl, 1 month ago

If the assets of a business are ₹ 2,20,000 and Creditors are ₹ 80,000. Calculate the Capital of the business.
₹ 300000
₹ 180000
₹ 280000
₹ 140000​

Answers

Answered by mohit242009
1

Answer:

Answer

Correct option is

A

Rs. 1,30,000

Assets = Rs. 1,80,000; Net worth or Owner's Equity = ?; Outside Liability = Rs. 50,000

The accounting equation is:

Assets = Outside Liability + Owner's Equity or Net Worth

Rs. 1,80,000 = Rs. 50,000 + Owner's Equity or Net Worth

Owner's Equity or Net Worth = Rs. 1,80,000 - Rs. 50,000

Owner's Equity or Net Worth = Rs. 1,30,000

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