Accountancy, asked by shrishti4373, 2 months ago

Position of businessman on 31/03/2015 was as follows:
Cash Rs.5000;Debtors Rs.20000;Machinery Rs.60000; stock
Rs.25000;Capital Rs.75000.Calculate Liabilities.​

Answers

Answered by Berseria
17

Given :

  • Cash - 5000

  • Debtors - 20,000

  • Machinery - 60,000

  • Stock - 25,000

  • Capital - 75,000

To Find :

Liabilities Of Business man

As we know that ,

• Liabilities = Assets - Capital

So here,

Capital = 75,000

Assets = ( Cash + Debtors + Machinery + Stock )

Assets = 5000 + 20,000 + 60,000 + 25,000

= 25,000 + 85,000

= 1,10,000

ie , Assets = 1,10,000

Liabilities = Assets - Capital

  • Assets = 1,10,000

  • Capital = 75,000

= 1,10,000 - 75,000

= 35,000

∴ Liabilities = 35,000

MORE :

• Assets = Labilities + Capital

• Liiabilities = Assets − Capital

• Capital = Assets - Liabilities

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