Following information is given below. Calculate the closing capital It

1.	Following information is given below. Calculate the closing capital ItemsJan 1, 2011 (Rs.)Dec 31, 2011 (Rs.)Creditors5,00030,000Bills Payable10,000 –––Loan –––50,000Bills receivable30,00050,000Stock5,00030,000Cash2,00020,000 Calculation of profit or loss and ascertainment of statement of affairs at the end of the year (Opening balance is given)
Answer» Following information is given below. Calculate the closing capital $\begin{matrix} Items & Jan 1, 2011 (R s .) & Dec 31, 2011 (R s .) Creditors & 5, 000 & 30, 000 Bills Payable & 10, 000 & - - - Loan & - - - & 50, 000 Bills receivable & 30, 000 & 50, 000 Stock & 5, 000 & 30, 000 Cash & 2, 000 & 20, 000 \end{matrix}$ Calculation of profit or loss and ascertainment of statement of affairs at the end of the year (Opening balance is given)

Following information is given below. Calculate the closing capital ItemsJan 1, 2011 (Rs.)Dec 31, 2011 (Rs.)Creditors5,00030,000Bills Payable10,000 –––Loan –––50,000Bills receivable30,00050,000Stock5,00030,000Cash2,00020,000 Calculation of profit or loss and ascertainment of statement of affairs at the end of the year (Opening balance is given)

Answer»

Following information is given below. Calculate the closing capital

$\begin{matrix} Items & Jan 1, 2011 (R s .) & Dec 31, 2011 (R s .) Creditors & 5, 000 & 30, 000 Bills Payable & 10, 000 & - - - Loan & - - - & 50, 000 Bills receivable & 30, 000 & 50, 000 Stock & 5, 000 & 30, 000 Cash & 2, 000 & 20, 000 \end{matrix}$

Calculation of profit or loss and ascertainment of statement of affairs at the end of the year (Opening balance is given)

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