Advertisement
Question 2 Chapter 3 – Unimax Publications of Class 11
2. From the following information, calculate the total assets of the business capital 7,50,000 creditors 6,00,000.
Revenue earned during the period Rs. 12,75,000. Expenses incurred during the peroid Rs. 5,25,000 and value of unsold stock Rs. 5,25,000.
The solution of Question 2 Chapter 3 – Unimax Publications of Class 11
| Total Assets | = Capital + Liabilities + Profit |
| = 6,00,000 +7,50,000+ (12,75,000-5,25,000) | |
| = 21,00,000 (including Rs. 5,25,000 closing stock) |
Advertisement