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From the following balancesheet , calculate …

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From the following balancesheet , calculate interest on capital @ 6% payable to you for the year ended 31st March . LIABILITY- long capital is 1,60000, short capital is 140000, Profit and Loss appropriation account ( 2014-15) is 100000. ASSETS- fixed asset is 3 LAKH, drawings long 40000, other assets 60,000 .total of balance sheet is 4 lakh. ( During the year long drawings 40000, short drawings 50000) profit of the Year 150000 .calculate opening capital?

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

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