If the liabilities of the business is Rs.15,000 and capital is Rs.25,000. Assets without cash in hand are Rs.35,000. Find out the cash balance of the business.
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Answer:
liabilities = 15,000
capital =25,000
so total liability (as capital falls under liabilities in the balance sheet) = 40,000
non cash asset = 35,000.
the only possibility of cash balance is 5,000 as L and A on balance sheet should tally.
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