Debtors - Rs. 15,000, stock - Rs.15,000, fixed asset -Rs. 30,000, cred

1.	Debtors - Rs. 15,000, stock - Rs.15,000, fixed asset -Rs. 30,000, creditor - Rs.5,000. Therefore capital isOPTIONSa.aRs. 25,000b.Rs.60,000c.Rs.5,000d.Rs.55,000
Answer» ANSWER : $\\$ ✪ Option (d) RS. 55,000 ➻ If Debtors is Rs. 15,000, Stock is Rs.15,000, Fixed Assets is Rs. 30,000 and Creditor is Rs.5,000; then Capital is Rs. 55,000. ____________________________________________________________ SOLUTION : $\\$ ❒ Given :- Debtors = Rs. 15,000 Stock = Rs. 15,000 Fixed Assets = Rs. 30,000 Creditors = Rs. 5,000 ❒ To Find :- Capital = ? ❒ Calculation :- $\\$ Here, ✎ Total Assets = Debtors + Stock + Fixed Assets ➜ Total Assets = Rs. 15,000 + Rs. 15,000 + Rs. 30,000 ➜ Total Assets = Rs. 60,000 $\\$ ✎ Total Liabilities = Creditors ➜ Total Liabilities = Rs. 5,000 $\\$ We know that, According to Accounting Equation, $\: \: \: \: \: \dag \: \underline{ \boxed{ \sf{ \: Asset = Capital + Liability \: }}}$ $\\$ Using this formula we get, ★ Asset = Capital + Liability ➜ Rs. 60,000 = Capital + Rs. 5,000 ➜ Capital = Rs. 60,000 - Rs. 5,000 ∴ Capital = Rs. 55,000 Hence, the value of Capital is Rs. 55,000. ____________________________________________________________ KNOW MORE : $\\$ Dual Aspect Concept expresses the relationship between Assets, Liabilities and Capital that is expressed in the form of equation. The equation for the relationship between Assets, Liabilities and Capital is known as Accounting Equation. The accounting equation is : ★ Asset = Liability + Capital This accounting equation is related to the Balance Sheet of final accounts, SINCE Capital, Liabilities and Assets are the elements of Balance Sheet. Although, this equation may be extended to Trading and Profit and Loss ACCOUNT which is commonly known as Income STATEMENT or Revenue Statement.

Debtors - Rs. 15,000, stock - Rs.15,000, fixed asset -Rs. 30,000, creditor - Rs.5,000. Therefore capital isOPTIONSa.aRs. 25,000b.Rs.60,000c.Rs.5,000d.Rs.55,000

Answer»

ANSWER :

$\\$

✪ Option (d) RS. 55,000

➻ If Debtors is Rs. 15,000, Stock is Rs.15,000, Fixed Assets is Rs. 30,000 and Creditor is Rs.5,000; then Capital is Rs. 55,000.

____________________________________________________________

SOLUTION :

$\\$

❒ Given :-

Debtors = Rs. 15,000

Stock = Rs. 15,000

Fixed Assets = Rs. 30,000

Creditors = Rs. 5,000

❒ To Find :-

Capital = ?

❒ Calculation :-

$\\$

Here,

✎ Total Assets = Debtors + Stock + Fixed Assets

➜ Total Assets = Rs. 15,000 + Rs. 15,000 + Rs. 30,000

➜ Total Assets = Rs. 60,000

$\\$

✎ Total Liabilities = Creditors

➜ Total Liabilities = Rs. 5,000

$\\$

We know that,

According to Accounting Equation,

$\: \: \: \: \: \dag \: \underline{ \boxed{ \sf{ \: Asset = Capital + Liability \: }}}$

$\\$

Using this formula we get,

★ Asset = Capital + Liability

➜ Rs. 60,000 = Capital + Rs. 5,000

➜ Capital = Rs. 60,000 - Rs. 5,000

∴ Capital = Rs. 55,000

Hence, the value of Capital is Rs. 55,000.

____________________________________________________________

KNOW MORE :

$\\$

Dual Aspect Concept expresses the relationship between Assets, Liabilities and Capital that is expressed in the form of equation.

The equation for the relationship between Assets, Liabilities and Capital is known as Accounting Equation.

The accounting equation is :

★ Asset = Liability + Capital

This accounting equation is related to the Balance Sheet of final accounts, SINCE Capital, Liabilities and Assets are the elements of Balance Sheet.

Although, this equation may be extended to Trading and Profit and Loss ACCOUNT which is commonly known as Income STATEMENT or Revenue Statement.