Question No 23 Chapter No 5 – T.S. Grewal 11 Class

Question No.23 - Chapter No.5- T.S. Grewal +1 Book 2019

Question No 23 Chapter No 5

23. Calculate the total assets if:

  • Capital is Rs 40,000.
  • Creditors are Rs 25,000.
  • Revenue during the period is Rs 50,000.
  • Expenses during the period are Rs 40,000.

The solution of Question No 23 Chapter No 5: –

Opening Capital is given = 40,000

Total liability is also given = 25,000

Revenue earned During the Year is given = 50,000

Expenses incurred during the year is given = 40,000

So, Closing Capital/Total Capital can be calculated with the following formula

Total/Closing Capital = Opening capital + Revenue – Expenses

Total/Closing Capital = 40,000 + 50,000 – 40,000

Total/Closing Capital = 50,000/-

So, we can find out total Assets

With the Help of Following Formula, we can find out this. 

Total Assets = Total/closing Capital + Total Liabilities

Total Assets = 50,000 + 25,000

Total Assets = 75,000/-

Please also check out all questions of this chapter which is already solved shown as follow:

“Question No 1 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 2 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 3 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 4 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 5 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 6 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 7 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 8 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 9 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 10 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 11 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 12 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 13 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 14 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 15 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 16 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 17 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 18 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 19 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 20 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 21 Chapter No 5 – T.S. Grewal 11 Class”
Question No 21 Chapter No 5 – T.S. Grewal 11 Class”
Question No 22 Chapter No 5 – T.S. Grewal 11 Class”

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T.S. Grewals Double Entry Book Keeping - Question No 23 Chapter No 5 - T.S. Grewal 11 Class
T.S. Grewal’s Double Entry Book Keeping

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