Question

In the beginning of the accounting year, a club has Rs 18,000 assets; Rs 5,000 liabilities and outstanding subscription of previous year Rs 1,800. The opening capital fund is Rs

Answer 1

Answer:

13,000

Explanation:

opening capital =Assets-Liability

=18,000-5,000

=13,000

There is no use of o/s subscription in this qn.