Question

Liabilities and Assets amount to Rs. 50,000 and Rs. 7,800 respectively. The difference Amount shall represent- *​

Answer 1

Answer:

capital

Explanation:

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Answer 2

GIVEN : Liability = 7,800 ;  Asset = 50,000

TO FIND :  Difference amount will represent what

SOLUTION :

As, according to accounting equation

ASSET = LIABILITY + CAPITAL

So, the difference will represent capital .

According to the question we have the amount of liability as well as asset so by using accounting equation we can easily find out the capital.

Asset = Liability + Capital

50,0000 =  7,800 + Capital

50,000 - 7,800 = Capital

42,200 =  Capital

Capital is rupees is 42,200 .

Diffrenece amount will represent capital and which is 42,200 .