Question No 22 Chapter No 4 – USHA Publication 11 Class

Question No 22 Chapter No 4

22. Prabhat Senapati has the following assets and liabilities as on 31st March 2017. Ascertain his capital :
Cash Rs 2,500 ; Rs 4,750 ; Debtors = Rs 1,800 Creditors Rs 2,200 ; Plant and Machinery Rs 8,000; building Rs 20,000; Furniture Rs 2,400; Bills Receivable Rs 5,650 ; Bills Payable Rs 2,350

The solution of Question No 22 Chapter No 4: –

∴Capital = Rs 45,100 – Rs 4,550 = Rs 40,550

Working Note: –

Total assets = Cash Rs 2,500 + Bank Rs 4,750 + Debtors Rs 1,800 + Plant and Machinery Rs 8,000 + Building Rs 20,000 + Furniture Rs 2,400 + Bills Receivable Rs 5,650 = Rs 45,100
Total Liabilities = Creditor RS 2,200 + Bills Payable = Rs 4,550

What is Accounting Equation | Example

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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)