Question : If Creditors are Rs 25,000, capital is Rs 3,00,000, and cash balance is Rs 20,000. What will the amount of sundry assets be?
Option 1: Rs 3,25,000
Option 2: Rs 3,05,000
Option 3: Rs 3,45,000
Option 4: none of the above
Answer (1)
17th Jan, 2024
Correct Answer: Rs 3,05,000
Solution : Answer = Rs 3,05,000
| Memorandum balance sheet | |||
| Creditor | 25,000 | Cash | 20,000 |
| Capital | 3,00,000 | S.Assets(bal figure) | 3,05,000 |
| 3,25,000 | 3,25,000 | ||
Hence, the correct option is 2.
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