Equity- Rs. $90, 000$ , Liability- Rs. $60, 000$ Profit of the year- Rs. $20, 000$ . Find Total Assets.

Rs.

170, 000

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Rs.

150, 000

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Rs.

110, 00

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Rs.

80, 000

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Solution

The correct option is A Rs. $170, 000$
In the balance sheet Total Assets=Total Liabilities
Here, details of liability side is given to us.
Total Liabilities= equity+Liability+profit of the year
= 90,000+60,000+20,000
= 1,70,000

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, Cash in hand Rs.

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Jiya Ltd. Purchased a running business from Diya Ltd. for a sum of Rs. 2,00,000 payable by issue of 20,000 equity shares of Rs. 10 each.
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Q. From the following Balance Sheet of Mohan Ltd., prepare cash flow statement.
Balance Sheet of Mohan Ltd.
as on………….

\begin{matrix} Capital and Liabilities & 2010 & 2011 & Assets & 2010 & 2011 (Rs.) & (Rs.) & (Rs.) & (Rs.) Equity Share Capital & 2, 00, 000 & 3, 00, 000 & Fixed Assets & 4, 00, 000 & 6, 00, 000 Profit and Loss & 1, 60, 000 & 2, 00, 000 & Stock & 1, 30, 000 & 1, 50, 000 Bank Loan & 1, 00, 000 & 80, 000 & Debtors & 1, 00, 000 & 60, 000 Accumulated Depreciation & 80, 000 & 1, 00, 000 & Bills Receivable & 20, 000 & 30, 000 Creditors & 1, 40, 000 & 1, 20, 000 & Bank & 90, 000 & 30, 000 Proposed Dividend & 60, 000 - ------ - & 70, 000 - ------ - 7, 40, 000 - -------- - & 8, 70, 000 - -------- - & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 7, 40, 000 - -------- - & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 8, 70, 000 - -------- - \end{matrix}

Additional Information:
Machine costing Rs. 80,000 on which accumulated depreciation was Rs. 50,000 was sold for Rs. 20,000.

Opening capital Rs 60,000, Drawings Rs 5,000, capital introduced during the year Rs 10,000, closing capital Rs 90,000. Calculate profit or loss.

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Equity- Rs. 90,000, Liability- Rs. 60,000 Profit of the year- Rs. 20,000. Find Total Assets.

The correct option is A Rs. 170,000In the balance sheet Total Assets=Total LiabilitiesHere, details of liability side is given to us.Total Liabilities= equity+Liability+profit of the year = 90,000+60,000+20,000 = 1,70,000

Equity- Rs. $90, 000$ , Liability- Rs. $60, 000$ Profit of the year- Rs. $20, 000$ . Find Total Assets.

The correct option is A Rs. $170, 000$
In the balance sheet Total Assets=Total Liabilities
Here, details of liability side is given to us.
Total Liabilities= equity+Liability+profit of the year
= 90,000+60,000+20,000
= 1,70,000