Question

What shall be the amount of capital if cash is Rs 5000, furniture Rs 12000 stock Rs 30000 and creditors Rs 6000 *​

Answer 1

Answer:

Explanation:

cash a/c

furniture a/c

stock a/c

to creditors a/c

to capital a/c

amount of capital will be 41000

Answer 2

Answer: To calculate the amount of capital in this scenario, we need to first understand the meaning of the term "capital" in accounting.

Explanation:

Capital refers to the total amount of money that a business owner or owners have invested in the business. This includes any money or assets that the owners have put into the business, minus any liabilities that the business owes to others.

In this case, we are given four pieces of information: cash of Rs 5000, furniture of Rs 12000, stock of Rs 30000, and creditors of Rs 6000.

To calculate the amount of capital, we need to add up the value of the assets and subtract the value of the liabilities. So the formula for capital is:

Capital = (Cash + Furniture + Stock) - Creditors

Plugging in the values given, we get:

Capital = (Rs 5000 + Rs 12000 + Rs 30000) - Rs 6000

Capital = Rs 91000

Therefore, the amount of capital in this scenario is Rs 91000. This represents the total amount of money that the business owners have invested in the business, after accounting for any liabilities that the business owes to others.

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