Question

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.​

Answer 1

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