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Standard XII

Accountancy

Issued at Par and Redeemed at Par

At the beginn...

Question

At the beginning of accounting year the following particulars are extracted value of Assets Rs. 25,000, Liabilities Rs. 5,000, Debit balance of income and expenditure account Rs. 2,500. Then capital fund will be ____________.

Rs. 32,500

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Rs. 22,500

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Rs. 27,500

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Rs. 20,000

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Solution

The correct option is A Rs. 22,500
Capital Fund = Extracted value of Assets + Debit bal. of Income and expenditure - Liabilities
Capital Fund = Rs. 25,000 + Rs. 2,500 - Rs. 5,000
Capital Fund = Rs. 22,500

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Similar questions

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and

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and

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and

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respectively.
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Income for the year is Rs 20,000 and expense for the year is Rs 10,000. What will be the balance of income and expenditure account?

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At the beginning of accounting year the following particulars are extracted value of Assets Rs. 25,000, Liabilities Rs. 5,000, Debit balance of income and expenditure account Rs. 2,500. Then capital fund will be ____________.

The correct option is A Rs. 22,500Capital Fund = Extracted value of Assets + Debit bal. of Income and expenditure - LiabilitiesCapital Fund = Rs. 25,000 + Rs. 2,500 - Rs. 5,000Capital Fund = Rs. 22,500

The correct option is A Rs. 22,500
Capital Fund = Extracted value of Assets + Debit bal. of Income and expenditure - Liabilities
Capital Fund = Rs. 25,000 + Rs. 2,500 - Rs. 5,000
Capital Fund = Rs. 22,500