What is the amount of Capital of the Proprietor, if his Assets are ₹ 90,000 and Liabilities are ₹ 26,000 ? (a)

Question 46 of 50

Q. What is the amount of Capital of the Proprietor, if his Assets are ₹ 90,000 and Liabilities are ₹ 26,000 ?

(a) ₹ 21,000

(b) ₹ 85,000

(d) ₹ 1,06,000

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Capital = Assets − Liabilities = 90,000 − 26,000 = ₹64,000. Option (c).

Using the accounting equation (the basis of a statement of affairs):

$\text{Capital} = \text{Assets} - \text{Liabilities} = 90{,}000 - 26{,}000 = 64{,}000$

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Q.What is the amount of Capital of the Proprietor, if his Assets are ₹ 90,000 and Liabilities are ₹ 26,000 ?