Question

Total opening balances of assets and liabilities are Rs. 10,000 and Rs. 5,000 respectively.
Find out the opening capital of the business?

• A. Rs. 10,000
• B. Rs. 5,000
• C. Rs. 15,000
• D. None of these

Answer 1

The correct option is B

Rs. 5,000

Opening capital
= Total assets - Liabilities
= Rs. 10,000 - Rs. 5,000
= Rs. 5,000.