Question

Q.No. 1. (Accounting equation)
(a) Find out the Capital if Assets are *65,650 and Liabilities are 35,350.
(b) Find out the Capital if Creditor's equity is 35,000 and Assets are 75,000
(c) Find out Capital if Assets are 85,375 and Creditor's equity is 37,235.
(d) Find out Capital if Liabilities are 27,216 and Assets are 34,286.
(e) Find out Capital if Assets of the business are * 87,735 and Creditors 18,​

Answer 1

Answer:

Assets = Rs. 1,80,000; Net worth or Owner's Equity = ?; Outside Liability = Rs. 50,000

The accounting equation is:

Assets = Outside Liability + Owner's Equity or Net Worth  

Rs. 1,80,000 = Rs. 50,000 + Owner's Equity or Net Worth  

Owner's Equity or Net Worth = Rs. 1,80,000 - Rs. 50,000

Owner's Equity or Net Worth = Rs. 1,30,000

Answer 2

Answer:

1/2/3/4/5quation

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