Question

Q10. Mr. Verma started business with 200,000. Out of this amount he buy goods worth
*150,000. And he buys machinery of 150,000 for this business puposes. +10,000 is yet to
be paid to the suplier of machinery?
Answer the following?
(a) What is the amount of Capital?
(b) What are the fixed assets?
c) Who is creditor?​

Answer 1

AnswEr :

• (a) What is the amount of Capital?

The amount of capital is Rs.200,000

• (b) What are the fixed assets?

Fixed assets is a tangible assets or property of business which is used for generating income. It is used for long time. Its benefits is more than 1 one year.

Example - Buliding, machinery..etc

• c) Who is creditor ?

Creditors are liabilities of the business. A person who lends money is known as creditor. Mr. Verma is also a creditor as he purchased machinery and he has to pay Rs. 10,000.

Answer 2

Required Answer :-

(a)

Amount of capital = Money spent for starting the buisness

Amount of capital = 2,00,000

(b)

They are defined as the assests in which they are used as operator in buisness. They provide benefit for a long term

(c) Here, Mr. Verma is Creditor as he started his own buisness.

[tex][/tex]