If the total opening balance of Assets and Liabilities are Rs 20000 &
| If the total opening balance of Assets and Liabilities are Rs 20000 & Rs 5000, respectively. What was the opening capital of the business?
A. Rs 25000
B. Rs 15000
C. Rs 25000
D. Rs 10000
Right Answer is: B
SOLUTION
Assets = Capital + Liabilities
Rs 20,000 = Capital + Rs 5,000
Capital Balance = Rs 20,000 – Rs 5,000
Capital opening balance will be Rs 15,000 Rs.
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If the total opening balance of Assets and Liabilities are Rs 20000 &