manmeet has the following assets and liabilities on 31st March, 2018.caluclate his capital cash 10000. stock 26000. due from x16000.due from y15000 .building 50000. machinery 22500 loan 7500.due to 30000. outstanding salaries 24000. solve this question
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Capital= assets -liabilities
Assets = 10000+26000+16000+15000+50000+22500
= 1,39,500
Liabilities = 7500+30000+24000
=61500
Capital= 1,39,500-61500
=78000
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