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Find the value of the following:

a.    If the total assets are Rs. 87,000 and the liabilities are Rs. 47,000, find out the amount of capital.

b.    If the capital of proprietor is Rs. 4,00,000 and the total assets are Rs. 6,00,000, what is the amount of liabilities to outsiders?

c.    If creditors are Rs. 56,000, bank overdraft is Rs.1,00,000, and outstanding expenses are Rs. 8,000, what is the total amount of assets?

d.    Fixed assets are Rs.70,000 and current assets are Rs.1,00,000 and the creditors are Rs.30,000. What is capital?

Managerial Accounting, Accounting

  • Category:- Managerial Accounting
  • Reference No.:- M9528012

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