Question

Sahri Ram lal has following assets and liabilities:
Cash 500, Building 40000, Stock 30000, Due from Sohan 6000, Mohan 7000. Due to kushan 3000, Die to Rakesh 4000. Find his capital.
Please. Answer me

Answer 1

Answer:

WE KNOW THE FORMULA OF ACCOUNTING EQUATION IS :- ✏ASSETS =LIABILITIES +CAPITAL✏

THEN,

✏CAPITAL =ASSETS-LIABILITIES✏

NOW,

✒ASSETS = CASH + BUILDING + STOCK + DUE FROM SOHAN + MOHAN

ASSETS = 500 + 40,000+ 30,000+6000+7000

ASSETS = 83,500

✒LIABILITIES = DUE TO KUSHAN + DUE TO RAKESH

LIABILITIES = 3000+4000

LIABILITIES =7000

NOW,

✏CAPITAL = ASSETS - LIABILITIES✏

CAPITAL = 83,500-7000

⭐CAPITAL = 76,500⭐

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Answer 2

Answer:

Assets=cash+Building+stock+Due from.sohan

+Mohan

Assets =500+40000+30000+6000+7000

Aseets =83500

Liabilities=due to khushan+Due to rakesh

Liabilities=3000+4000

Liabilities=7000

Now,

capital= assets - liability

= 83500-7000

= 76500 answer

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