Question : 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?
Option 1: Rs 1,75,000
Option 2: Rs 1,65,000
Option 3: Rs 1,95,000
Option 4: None of the above
Answer (1)
25th Jan, 2024
Correct Answer: Rs 1,65,000
Solution : Answer = Rs 1,65,000
| Memorandum balance sheet | |||
| Creditor | 25,000 | Cash | 10,000 |
| Capital | 1,50,000 | S.Assets(b/f) | 1,65,000 |
| 1,75,000 | 1,75,000 | ||
Hence, the correct option is 2.
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