Question No 27 Chapter No 5 – T.S. Grewal 11 Class

Question No.27 - Chapter No.5- T.S. Grewal +1 Book 2019

Question No 27 Chapter No 5

27. On 31st March 2018, the total assets and external liabilities were Rs 2,00,000 and 6,000 respectively. During the year, the proprietor had introduced capital of Rs 20,000 and withdrawn Rs 12,000 for personal use. He made a profit of Rs 20,000 during the year. Calculate the capital as on 1st April 2017.

The solution of Question No 27 Chapter No 5: –

Following items are already given in the question: –

  • Additional Capital= 20,000
  • Drawing = 12,000
  • liabilities= 6,000
  • Total Assets= 2,00,000
  • Profit = 20,000

So, to find out the capital as on 1st April 2017.

1st with the Help of Following Formula, we can find out Closing Capital :

Closing Capital    =   Total assets – Total Liabilities

Closing Capital  =  2,00,000 – 6,000

Closing Capital =  1,94,000/-

Now, with the Help of Following Formula, we can find out Opening Capital or capital as on 1st April 2017:

Opening Capital  =   Closing Capital – Addition – Profit + Drawing

Opening Capital  =  1,94,000 – 20,000 – 20,000 + 12,000

  Opening Capital/ capital as on 1st April 2017 =  1,66,000/-

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”
Question No 23 Chapter No 5 – T.S. Grewal 11 Class”
Question No 24 Chapter No 5 – T.S. Grewal 11 Class”
Question No 25 Chapter No 5 – T.S. Grewal 11 Class”
Question No 26 Chapter No 5 – T.S. Grewal 11 Class”

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T.S. Grewals Double Entry Book Keeping - Question No 27 Chapter No 5 – T.S. Grewal 11 Class
T.S. Grewal’s Double Entry Book Keeping

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