Question

Complete the following table. Put Proper mark in Box:

Sr. No.	When the closing capital is given	Add	Less
1)	Drawings
2)	Prepaid Expenses
3)	Overvaluation of Liabilities
4)	Undervaluation of Liabilities
5)	Interest on Drawings
6)	Opening Capital
7)	Undervalaution of Assets
8)	Interest on Capital
9)	Depreciation of Assets
10)	Bad debts

Answer 1

Sr. No.	When the closing capital is given	Add	Less
1)	Drawings	✓
2)	Prepaid Expenses	✓
3)	Overvaluation of Liabilities	✓
4)	Undervaluation of Liabilities		✓
5)	Interest on Drawings	✓
6)	Opening Capital		✓
7)	Undervalaution of Assets	✓
8)	Interest on Capital		✓
9)	Depreciation of Assets		✓
10)	Bad debts		✓