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1st April 2019 Assets and Liability of t...

1st April 2019 Assets and Liability of the Young Club are as follows :
Assert :
`{:(,,"Rs"),("Land and Building",,"2,00,000"),("Furniture",,"65,000"),("Cash in Hand",,"25,000"),("Subscriptions Receivable",,"30,000"):}`
Liabilites :
`{:("Bank Overdraft",,"20,000"),("Outstanding Salaries",,"5,000"):}`
Detemine Capital Fund as on 1st April 2019

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Verified by Experts

The correct Answer is:
N/a

Capital Fund =Total Assets -Total Liabilites =Rs 3,20,000 -Rs 25,000= Rs 2,95,000.
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  1. 1st April 2019 Assets and Liability of the Young Club are as follows :...

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