If Capital = $70, 000$ ; Liability = $40, 000$ .
Find Assets.

30, 000

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1, 10, 000

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40, 000

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70, 000

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Solution

The correct option is C $1, 10, 000$
Capital Employed is the total amount of investment made for running the business.
Capital Employed = Assets - Current Liabilities
OR
Assets = Capital Employed+Current Liabilities
Hence
1,10,000 = 70,000 + 40,000.

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Similar questions

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The following are the balance sheets of Devi Co. Ltd at the end of 2002 and 2003. Prepare a Comparative Balance Sheet and study the financial position of the concern.

Liabilities	2002 Rs	2003 Rs	Assets	2002 Rs	2003 Rs
Equity Capital	1,20,000	1,85,000	Fixed Assets	1,40,000	1,95,000
Preference Capital	70,000	95,000	Stock	40,000	45,000
Reserves	30,000	35,000	Debtors	70,000	82,500
P&L	17,500	20,000	Bills Receivables	20,000	50,000
Bank overdraft	35,000	45,450	Prepaid Expenses	6,000	8,000
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	3,21,000	4,58,000		3,21,000	4,58,000

Q. From the following Balance Sheet of Mohan Ltd., prepare cash flow statement.
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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.

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If Capital = 70,000; Liability = 40,000. Find Assets.

The correct option is C 1,10,000Capital Employed is the total amount of investment made for running the business.Capital Employed = Assets - Current LiabilitiesORAssets = Capital Employed+Current LiabilitiesHence 1,10,000 = 70,000 + 40,000.

If Capital = $70, 000$ ; Liability = $40, 000$ .
Find Assets.

The correct option is C $1, 10, 000$
Capital Employed is the total amount of investment made for running the business.
Capital Employed = Assets - Current Liabilities
OR
Assets = Capital Employed+Current Liabilities
Hence
1,10,000 = 70,000 + 40,000.