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A firm has assets of ₹ 1,00,000 and the external liabilities of ₹ 60,000. Its capital would be ___________. - Accountancy

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प्रश्न

A firm has assets of ₹ 1,00,000 and the external liabilities of ₹ 60,000. Its capital would be ___________.

पर्याय

  • ₹ 1,60,000

  • ₹ 60,000

  • ₹ 1,00,000

  • ₹ 40,000

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उत्तर

A firm has assets of ₹ 1,00,000 and the external liabilities of ₹ 60,000. Its capital would be ₹ 40,000.

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Approaches of Recording Transactions
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पाठ 3: Books of Prime Entry - Multiple choice questions [पृष्ठ ५७]

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सामाचीर कलवी Accountancy [English] Class 11 TN Board
पाठ 3 Books of Prime Entry
Multiple choice questions | Q I 3. | पृष्ठ ५७

संबंधित प्रश्‍न

‘Cash withdrawn by the proprietor from the business for his personal use’ causes ____________.


The incorrect accounting equation is _____________.


Real account deals with ____________.


Which one of the following is representative personal account?


Prepaid rent is a ____________.


What is the accounting equation?


Complete the accounting equation.

Assets = Capital + Creditors

? = ₹ 1, 60,000 + ₹ 80,000


Prepare accounting equation for the following transactions.

  1. Murugan commenced business with cash ₹ 80,000
  2. Purchased goods for cash ₹ 30,000
  3. Paid salaries by cash ₹ 5,000
  4. Bought goods from Kumar for ₹ 5,000 and deposited the money in CDM.
  5. Introduced additional capital of ₹ 10,000

What will be the effect of the following on the accounting equation?

  1. Sunil started business with ₹ 1,40,000 cash and goods worth ₹ 60,000
  2. Purchased furniture worth ₹ 20,000 by cash
  3. Depreciation on furniture ₹ 800
  4. Deposited into bank ₹ 40,000
  5. Paid electricity charges through net banking ₹ 500
  6. Sold goods to Ravi costing ₹ 10,000 for ₹ 15,000
  7. Goods returned by Ravi ₹ 7,500 (costing ₹ 5,000)

Create an accounting equation on the basis of the following transactions:

  1. Rakesh started business with a capital of ₹ 1,50,000
  2. Deposited money with the bank ₹ 80,000
  3. Purchased goods from Mahesh and paid through debit card ₹ 25,000
  4. Sold goods (costing ₹ 10,000) to Mohan for ₹ 14,000 who pays through debit card
  5. Commission received by cheque and deposited the same in the bank ₹ 2,000
  6. Paid office rent through ECS ₹ 6,000
  7. Sold goods to Raman for ₹ 15,000 of which ₹ 5,000 was received at once

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