Question

what wil be the capital fund if total assets are Rs. 2,00,000 and bank pverdraft os Rs. 50,000 and advance subscription is Rs. 40,000
(a) 2,90,000
(b) 1,10,000
(c) 2,40,000
(d) 1,90,000​

Answer 1

Explanation:

$\huge \tt{\text{A} \blue{N} \orange{S} \pink{W} \green{E} \red{R}} :) :)$

Assets = Rs.2, 00, 000 ; Net worth or Owner's Equity = ?; Outside Liability = Rs. 50,000

The accounting equation is:

Assets = Outside Liability + Owner's Equity or Net Worth

Rs. 2, 00,000 = Rs. 50,000 + Owner's Equity or Net Worth

Owner's Equity or Net Worth = Rs. 2, 00,000 - Rs. 50,000

Owner's Equity or Net Worth = Rs. 15, 00, 000

Hope it helpful.. ☃️

Answer 2

Answer:

Assets = Rs.2, 00, 000 ; Net worth or Owner's Equity = ?; Outside Liability = Rs. 50,000

The accounting equation is:

Assets = Outside Liability + Owner's Equity or Net Worth

Rs. 2, 00,000 = Rs. 50,000 + Owner's Equity or Net Worth

Owner's Equity or Net Worth = Rs. 2, 00,000 - Rs. 50,000

Owner's Equity or Net Worth = Rs. 15, 00, 000