Commerce Exam  >  Commerce Questions  >  Shri krishna has following assets and liabili... Start Learning for Free
Shri krishna has following assets and liabilities on 31th march 2020:bank balance 50000;cash20000;stock12000;sundry creditors 16000;bills payable 5000;bills receivable 2000.Find the capital.?
Most Upvoted Answer
Shri krishna has following assets and liabilities on 31th march 2020:b...
Calculation of Capital for Shri Krishna

Assets:

  • Bank Balance: 50000

  • Cash: 20000

  • Stock: 12000

  • Bills Receivable: 2000



Liabilities:

  • Sundry Creditors: 16000

  • Bills Payable: 5000



Calculation:
To calculate the capital of Shri Krishna, we will use the following formula:
Capital = Total Assets - Total Liabilities

Total Assets = Bank Balance + Cash + Stock + Bills Receivable
Total Assets = 50000 + 20000 + 12000 + 2000
Total Assets = 84000

Total Liabilities = Sundry Creditors + Bills Payable
Total Liabilities = 16000 + 5000
Total Liabilities = 21000

Now, we will substitute the values in the formula to calculate the capital:
Capital = Total Assets - Total Liabilities
Capital = 84000 - 21000
Capital = 63000

Therefore, the capital of Shri Krishna as of 31st March 2020 is Rs. 63,000. This is the amount that Shri Krishna has invested in the business or the amount that the business owes to Shri Krishna.
Community Answer
Shri krishna has following assets and liabilities on 31th march 2020:b...
Capital =asssets-liabilities
(bank balance +cash+debtors +stock +bill payable+bill receivable) -sundry creditors
50,000+20,000+25,000+12,000+5,000+2,000-16,000
1,04,000-16,000
88,000
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Similar Commerce Doubts

Top Courses for Commerce

Shri krishna has following assets and liabilities on 31th march 2020:bank balance 50000;cash20000;stock12000;sundry creditors 16000;bills payable 5000;bills receivable 2000.Find the capital.?
Question Description
Shri krishna has following assets and liabilities on 31th march 2020:bank balance 50000;cash20000;stock12000;sundry creditors 16000;bills payable 5000;bills receivable 2000.Find the capital.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Shri krishna has following assets and liabilities on 31th march 2020:bank balance 50000;cash20000;stock12000;sundry creditors 16000;bills payable 5000;bills receivable 2000.Find the capital.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Shri krishna has following assets and liabilities on 31th march 2020:bank balance 50000;cash20000;stock12000;sundry creditors 16000;bills payable 5000;bills receivable 2000.Find the capital.?.
Solutions for Shri krishna has following assets and liabilities on 31th march 2020:bank balance 50000;cash20000;stock12000;sundry creditors 16000;bills payable 5000;bills receivable 2000.Find the capital.? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Shri krishna has following assets and liabilities on 31th march 2020:bank balance 50000;cash20000;stock12000;sundry creditors 16000;bills payable 5000;bills receivable 2000.Find the capital.? defined & explained in the simplest way possible. Besides giving the explanation of Shri krishna has following assets and liabilities on 31th march 2020:bank balance 50000;cash20000;stock12000;sundry creditors 16000;bills payable 5000;bills receivable 2000.Find the capital.?, a detailed solution for Shri krishna has following assets and liabilities on 31th march 2020:bank balance 50000;cash20000;stock12000;sundry creditors 16000;bills payable 5000;bills receivable 2000.Find the capital.? has been provided alongside types of Shri krishna has following assets and liabilities on 31th march 2020:bank balance 50000;cash20000;stock12000;sundry creditors 16000;bills payable 5000;bills receivable 2000.Find the capital.? theory, EduRev gives you an ample number of questions to practice Shri krishna has following assets and liabilities on 31th march 2020:bank balance 50000;cash20000;stock12000;sundry creditors 16000;bills payable 5000;bills receivable 2000.Find the capital.? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev