Question

Ranjit has following assets and liabilities : Cash Rs.22,000;Bank Rs.45,500;Debtors Rs.19,000;Creditors

Rs. 27,500

Plant and Machinery Rs. 66,000; Furniture Rs.15,000 and Bank Loan Rs.16,000. Determine the

amounts of Capital OR Net Worth .​

Answer 1

$= cash + bank + debtors + plant \: and \: machinery + furniture - (creditors + bank \: loan)$

$= 22000 + 45500 + 19000 + 66000 + 15000 - (27500 + 16000)$

$= 167500 - 43500$

$capital = 124000$

I hope it helps you.