Calculate the total assets if:
- Capital is ₹ 40,000.
- Creditors are ₹ 25,000.
- Revenue during the period is ₹ 50,000.
- Expenses during the period are ₹ 40,000.
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Capital after Adjustment of revenue and expenses = Capital + Revenue - Expenses= 40,000 + 50,000 - 40,000
= ₹ 50,000
Total = Capital after adjustment +
Assets Creditors
= 50,000 + 25,000
= ₹ 75,000
= ₹ 50,000
Total = Capital after adjustment +
Assets Creditors
= 50,000 + 25,000
= ₹ 75,000
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