Question
On Jan 1, 2017 the position of V. Mathur was as
follows:  Inventory in hand Rs. 2400; Bills payable Rs. 400; Cash at Bank Rs. 1800; Plant and machinery Rs. 1000; Debtors Rs. 500; Creditors Rs. 800; Investments 2000; Loan from Raja Ram Rs. 1500. V. Mathur’s capital on the above date will beSolution
Closing Capital =Closing Assets – Closing Liabilities Here Closing Assets = Inventory + Cash at Bank + Plant and Machinery + Debtors + Investments = 2,400 + 1,800 + 1,000 + 500 + 2,000 = 7,700 Closing Liabilities = Bills Payable + Creditors + Loan from Raja Ram = 400 + 800 + 1,500 = 2,700 So Closing Capital = Closing Assets – Closing Liabilities = 7,700 – 2,700 = Rs. 5,000
What is the title given to the head of a Joint Hindu Family (HUF) business?
In the following question, select the missing number from the given alternatives.
45, 15, 60, 75, 135, ?
Loktak Lake is located in _______Â
Which among the following gases is necessary for the process of photosynthesis?
The liquid water present in oceans, lakes and rivers gets converted to the gaseous form in the presence of sunlight in the water cycle. This step is cal...
Which of the following is correct about the PM Internship Scheme (TULIP)?
NATO is also called as ____.
The structure that produces and holds sperm cells in bryophytes (non-vascular plants) and ferns is called:
Which of the following does a Bandicoot refer to?
Which state has topped in highest number of Open defecation free (ODF Plus) villages till December 31, 2021?
