On February 11, 20XX, Annamalai started Fauna Enterprise, a nature tourism proprietorship with an investment of Rs. 25000. On September 30, 20XX, the business had cash of Rs. 35000 and unpaid bills of Rs. 35000. On that date, Annamalai had cash of Rs. 8000 and a used computer worth Rs. 3500 (originally bought for Rs. 10000) and owed Rs. 7500 in personal loan.
1. How much is Annamalai required to pay?
2. How much is Annamalai able to pay?
3. Is Annamalai solvent or insolvent?
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Explanation:
on feb 11 ,20xx Annamalai started fauna enterprise , a nature tourism
business as a proprietorship with an investment of 25000. on sep 30,20xx the business has cash of 35000 and unpaid bills of 45000. on that date , Annamalai had personal cash of 8000 and a used computer worth 3500 ( bought at a cost of 10000) and owed 7500 in personal bank loan.
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