Given the following assets and liabilities, what is the amount of capital?Machinery Rs 180,000,Bank Loan Rs 130,000,Inventory Rs 118,000,Debtors Rs 162,000,Creditors Rs 99,000 and Cash Rs 13,000 a. Rs 244,000 b. Rs 343,000 c. Rs 149,000 d. Rs 86,000

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements
Section: Chapter Questions
Problem 8QY: What is the amount of ending capital shown on the balance sheet for Floress Catering? a. 22,000 b....
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Given the following assets and liabilities, what is the amount of capital?Machinery Rs 180,000,Bank Loan Rs 130,000,Inventory Rs 118,000,Debtors Rs 162,000,Creditors Rs 99,000 and Cash Rs 13,000
a.
Rs 244,000
b.
Rs 343,000
c.
Rs 149,000
d.
Rs 86,000
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