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From the following information find the capital of Vijay : Total Assets Rs 5,00,000; What is the amount of Liabilities ?
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From the following information find the capital of Vijay : Total Asset...
Answer
Capital of Vijay
- Total Assets: Rs 5,00,000
Calculation of Liabilities
In accounting, the total assets of a person or a company are equal to the sum of their liabilities and capital. Therefore, to find the amount of Liabilities, we need to subtract the Capital of Vijay from the Total Assets.
Mathematically,
- Liabilities = Total Assets - Capital
- Liabilities = Rs 5,00,000 - Capital
Since the Capital of Vijay is not given, we cannot calculate the exact amount of Liabilities. However, we can say that:
- If the Capital of Vijay is Rs 2,00,000, then the amount of Liabilities would be Rs 3,00,000.
- If the Capital of Vijay is Rs 3,00,000, then the amount of Liabilities would be Rs 2,00,000.
- If the Capital of Vijay is Rs 4,00,000, then the amount of Liabilities would be Rs 1,00,000.
Therefore, we need to know the capital of Vijay to calculate the exact amount of Liabilities.
Community Answer
From the following information find the capital of Vijay : Total Asset...
Capital here refers to the amount that is left with Vijay after subtracting the creditor and loan from bank from the total assets.
In this case the capital left will be equal to 500,000 - (100,000+150,000) = 250,000.
Vijay will be left with a capital of 250,000 after all the amount has been deducted from his total assets.
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From the following information find the capital of Vijay : Total Assets Rs 5,00,000; What is the amount of Liabilities ?
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