Question

The total assets of the firm were Rs. 1,50,000, outside liabilities were Rs. 1,30,000 Capital contributed by the owner is ____________.

• A. Rs. 50,000
• B. Rs. 30,000
• C. Rs. 20,000
• D. Rs. 10,000

Answer 1

Answer: (C)

Rs. 20,000

Capital = Total Assets - Outside liabilities

= 150000 - 130000 = 20000