Related InterviewSolutions

• Commission received by cheque 22000.
• He started his business by investing RS 8,00000
• If capital of a business is Rs.1,40,000 and liabilities are of Rs.80,000, calculate the total assets of the business.
• (a) A had a capital of Rs. 75,000 on 1st April, 2017. He had also goods amounting to Rs. 15,000 which he had purchased on credit and the payment had not been made. Find out the value of the total assets of the business.(b) After a period of one month, he came to know that he had suffered a loss of Rs. 1,700. He withdrew Rs. 800 for his personal use. Find out his capital and assets of the business.
• Calculate the total assets if:(i) Capital is Rs. 40,000.(ii) Creditors are Rs. 25,000.(iii) Revenue during the period is Rs. 50,000.(iv) Expenses during the period are Rs. 40,000. 
• Mohan started a business on 1st April, 2017 with a capital of Rs. 10,000 and borrowed Rs. 3,000 form a friend. He earned a profit of Rs. 5,000 during the year ended 31st March, 2018 and withdrew cash R 4,000 for private use. What is his capital on 31st March, 2018 ? 
• If total assets of a business are Rs 1,30,000 and net worth is Rs. 80,000, calculate the creditors.
• If capital of a business is Rs. 1,40,000 and liabilities are of Rs.80,000, calculate the total assets of the business.
• Mohan started a business on 1st April, 2017 with a capital of Rs. 25,000 and a loan of Rs. 12,500 borrowed from Shyam. During 2017-18 he had introduced additional capital of Rs. 12,500 and had withdrawn Rs. 7,500 for personal use. On 31st March, 2018 his assets were Rs. 75,000. Find out his capital as on 31st March, 2018 and profit made or loss incurred during the year 2017-18.
• On 31st March, 2018, the total assets and external liabilities were Rs. 2,00,000 and Rs. 6,000 respectively. During the year, the proprietor had introduced capital of Rs. 20,000 and withdrawn Rs. 12,000 for personal use. He made a profit of Rs. 20,000 during the year. Calculate the capital as on 1st April, 2017.