If creditors are Rs. 25,000, capital is Rs. 1,50,000 and cash balance is Rs. 10,000, what will be the amount of sundry assets? Post category:Accountancy Reading time:1 mins read SOLUTION Rs. 1,65,000 Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostTotal creditor amount to Rs. 5,00,000. Investments valued Rs. 2,00,000 were not shown in the hooks. One of the creditors took over these investments in full satisfaction of his debt of Rs. 2,20,000. Remaining creditors were paid at 5% discount. Pass entry for payment. Next PostIf opening capitals of partners are A Rs. 3,00,000, B Rs. 2,00,000 and C Rs. 1,00,000 and their drawings during the year are A Rs. 50,000, B Rs. 40,000 and C Rs. 30,000 and creditors are Rs. 60,000, what will be the amount of assets of the firm? You Might Also Like Opening Inventory Rs. 80,000; Purchases Rs. 4,30,900; Direct Expenses Rs. 4,000; Closing Inventory Rs. 1,60,000; Administrative Expenses Rs. 21,100; Selling and Distribution Expenses Rs. 40,000; Revenue from Operations, i.e., Net Sales Rs. 10,00,000. Calculate Inventory Turnover Ratio; Gross Profit Ratio; and Opening Ratio. August 17, 2022 Differentiate between ‘Profit & Loss Appropriation Account’ and ‘Profit & Loss Suspense Account’. (Delhi and Al 2015 C) October 8, 2022 From the following Balance Sheet of Samta Ltd., as at 31st March, 2019, prepare Cash Flow Statement: August 20, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Opening Inventory Rs. 80,000; Purchases Rs. 4,30,900; Direct Expenses Rs. 4,000; Closing Inventory Rs. 1,60,000; Administrative Expenses Rs. 21,100; Selling and Distribution Expenses Rs. 40,000; Revenue from Operations, i.e., Net Sales Rs. 10,00,000. Calculate Inventory Turnover Ratio; Gross Profit Ratio; and Opening Ratio. August 17, 2022
Differentiate between ‘Profit & Loss Appropriation Account’ and ‘Profit & Loss Suspense Account’. (Delhi and Al 2015 C) October 8, 2022
From the following Balance Sheet of Samta Ltd., as at 31st March, 2019, prepare Cash Flow Statement: August 20, 2022
