Multiple choice

Calculate capital, if total assets are Rs. 1, 50, 000, creditors for goods are Rs. 90, 000 and creditors for expenses are Rs. 15, 000.

  1. Rs. 60, 000

  2. Rs. 45, 000

  3. Rs. 75, 000

  4. Rs. 1, 35, 000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Capital = Total assets - Liabilities (both long term and short term)            = 150,000 - 90,000 - 15,000            = Rs. 45,000

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