From the following details, find the amount of Capital:

Particulars Amount

Cash balance 10,000

Furniture 20,000

Stock 25,000

Creditors 10,000

Debtors 25,000

Loan from bank 10,000

50000

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40000

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60000

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30000

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Solution

The correct option is C
60000

Capital = 60,000

Capital=10000+20000+25000+25000-10000-10000

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Similar questions

Following balances are extracted from the ledger of Shri. Ram as on 31^stMarch, 2012. Prepare Trial Balance as on that date.

Particulars	Rs	Particulars	Rs	Particulars	Rs
Capital	4,50,000	Sales	3.60,000	Coal, Gas & Water	10,000
Drawings	25,000	Cash in hand	5,000	Bills Receivable	20,000
Investment	10,000	Opening stock	40,000	Bills Payable	10,000
Building	70,000	Bad Debts	1,000	Trade Expenses	500
Debtors	20,000	Carriage Inward	5,000	Royalty	9,000
Creditors	25,000	Wages	20,000
Bank Loan	15,000	Plant & Machinery	3,00,000	Purchases	2,35,000
Furniture	60,000	Sales Return	7,000	Salary	20,000
General Insurance	2,000	Bank Charges	500

PRACTICAL PROBLEMS

Mr. Mangesh is dealing in business. He maintains his accounting with Single Entry. The following are details of his business.

Particulars	01-04-2012	31-03-2013
Land and Building	40,000	50,000
Machinery	30,000	40,000
Furniture	10,000	10,000
Debtors	20,000	40,000
Stock	10,000	25,000
Cash Balance	5,000	15,000
Bills Receivable	5,000	5,000
Creditors	25,000	25,000
Bank Overdraft	5,000	——
Bank Balance	——	10,000

Mr. Mangesh introduced Rs 10,000 as additional Capital. He spent Rs 45,000 for personal use Depreciate Land and Building by Rs 5,000. Provide 5% R.D.D. on Debtors.

Prepare: Opening Statement of affairs, Closing Statement of affairs and the statement of profit or loss.

Q. Prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as at that date from the following Trial Balance:

Particulars	Dr. (₹)	Cr. (₹)
Capital	…	1,00,000
Cash	15,000	…
Bank Loan	…	20,000
Purchases	1,20,000	…
Sales	…	1,50,000
Sales Return	10,000	…
Purchases Return	…	20,000
Establishment Expenses	22,000	…
Taxes and Insurance	5,000	...
Bad Debts	5,000	…
Provision for Doubtful Debts	…	7,000
Debtors	50,000	…
Creditors	…	20,000
Commission	…	5,000
Deposits	40,000	…
Opening Stock	30,000	…
Drawings	14,000	…
Furniture	6,000	…
Bills Receivable	32,000	…
Bills Payable	…	25,000
Input CGST	10,000	...
Input SGST	10,000	…
Output CGST	…	8,000
Output SGST	…	8,000
Output IGST	…	6,000
Total	3,69,000	3,69,000

Adjustments:
(i) Taxes ₹ 3,000 are outstanding but Insurance ₹ 500 is prepaid.
(ii) Commission ₹ 1,000 received in advance for the next year.
(iii) Interest ₹ 2,100 is to be received on Deposits and Interest on Bank Loan ₹ 3,000 is to be paid.
(iv) Provision for Doubtful Debts to be maintained at ₹ 10,000.
(v) Depreciate Furniture by 10%.
(vi) Stock on 31st March, 2019 is ₹ 45,000.
(vii) A fire occurred on 1st April, 2019 destroying goods costing ₹ 10,000. These goods were purchased paying CGST and SGST @ 6% each.

Q. A and B dissolve their partnership. Their position as at 31st March, 2019 was:

Particulars	₹

A's Capital	25,000
B's Capital	15,000
Sundry Creditors	20,000
Cash in Hand and at Bank	750

The balance of A's Loan Account to the firm stood at ₹ 10,000. The realisation expenses amounted to ₹ 350. Stock realised ₹ 20,000 and Debtors ₹ 25,000. B took a machine at the agreed valuation of ₹ 7,500. Other fixed assets realised ₹ 20,000.
You are required to close the books of the firm.

Q. Question : Gopal does not keep proper records in the books of account. Following information is given below.

Items	Jan 1, 2005	Dec 31, 2005
Cash in hand	$18, 000$	$12, 000$
Cash at bank	$1, 500$	$2, 000$
Stock in trade	$80, 000$	$90, 000$
Sundry Debtors	$36, 000$	$60, 000$
Sundry Creditors	$60, 000$	$40, 000$
Loan	$10, 000$	$8, 000$
Office equipments	$25, 000$	$30, 000$
Land and Buildings	$30, 000$	$20, 000$
Furniture	$10, 000$	$10, 000$

During the year he introduced Rs

20, 000

and withdrew Rs

12, 000

from the business. Prepare the statement of profit or loss on the basis of given information.

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Particulars	Amount
Cash balance	10,000
Furniture	20,000
Stock	25,000
Creditors	10,000
Debtors	25,000
Loan from bank	10,000

From the following details, find the amount of Capital: Particulars Amount Cash balance 10,000 Furniture 20,000 Stock 25,000 Creditors 10,000 Debtors 25,000 Loan from bank 10,000

The correct option is C 60000 Capital = 60,000 Capital=10000+20000+25000+25000-10000-10000

From the following details, find the amount of Capital:

Particulars Amount

Cash balance 10,000

Furniture 20,000

Stock 25,000

Creditors 10,000

Debtors 25,000

Loan from bank 10,000

The correct option is C
60000

Capital = 60,000

Capital=10000+20000+25000+25000-10000-10000