Question : If opening capital of partners are Rs 2,00,000, B Rs 3,00,000 and C Rs 4,00,000 and their drawing during the year are A 3000 per month, B Rs 4000 per month and C Rs 5000 per month and creditors are Rs 80,000 . What will be the amount of sundry assets of the firm.
Option 1: Rs 9,36,000
Option 2: Rs 8,36,000
Option 3: Rs 10,00,000
Option 4: None of the above.
Correct Answer: Rs 8,36,000
Solution : Answer = Rs 8,36,000
Sundry assets = 1,64,000+2,52,000+3,40,000+80,000=8,36,000. Hence, the correct option is 2.
Question : If the opening capitals of partners are A 8,60,000, B 4,00,000 and C 2,00,000 and their drawings during the year are A 1,00,000, B 80,000 and C 60,000 and creditors are 1,20,000. What will be the amount of assets of the firm?
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?
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