Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a.

Question

Can you explain the answer of this question below:If owner&rsquo;s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a.

Answer

Ship of a property is transferred to a new owner, the legal process of transferring ownership is called conveyancing. This involves the exchange of contracts between the buyer and seller, payment of the purchase price, and registration of the transfer with the relevant land registry. Once the transfer is completed, the new owner assumes all rights and responsibilities associated with ownership of the property.

Answer

Capital+ liability = current assets+fixed assets 50000+3000= 70000+Current Assets current assets = 80000-70000 =10000

Answer

It is so simple.......  50000 + 30000 - 70000 = 10000..... prepare Balance sheet for better understanding :)

Answer

10000

Answer

10000 Total capital + liability - Fixed asstes

Answer

According to accounting equation
assets( fixed and non current) = liability ( non current + current) + owner's capital

so
given fixed assets is 70,000
liability=30,000
owner's capital=50,000
x = current asset which is to be found

70,000 + x = 30,000+50,000

70,000+x = 80,000
x = 80,000-70,000
x=10,000

Answer

ANS. (A)
Current Assets=Capital+liability - Fixed Assets
CR = 50000 + 30000- 70000
Hence Ans. CURRENT ASSETS= 10000

Answer

C+L=A

Liabilities. Assets
Captial 50,000. Fixed assets 70,000
Liability 30,000. Current assets 10,000 (bal fig.)
80,000. 80,000

Answer

50000+30000=80000........- 70000=10000

Answer

Very simple
owner's capital refers to amount of assets left with owner
so here, owner's capital = Assets - liabilities
50,000 =(70,000+current assets)- 30,000
=> 80,000-70,000 =10,000.
therefore, option a is correct.

Answer

Tell Mee this question answer I am not understand 10000₹ ans?

Answer

The balance sheet should always have equal asset to liabilities along with capital then (liabilities) 30000+(capital)50000=(assets)70000+(current assets)x
50000+30000-70000=10000(current assets)

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