Question

Raman has following assets and Liabilities :

Cash Rs 18,000; Bank Rs 35,000; Debtors Rs 14,000; Creditors Rs 23,000 ;

Bank Loan Rs 11,000; Vehicle Rs 45,000 and furniture Rs 10,000.

Determine the amount of Capital.​

Answer 1

Step-by-step explanation:

assets = cash+ bank + debtors + vehicle + furniture = 18000+35000+14000+45000+10000

= 122000

liabilities = creditors+ bank loan

= 23000 + 11000 = 34000

now , assets = liabilities + capital

capital = assets - liabilities = 122000-34000

= 88000

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