Question
What is annuity factor?
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| Particulars | 31st March 2017 (₹) | 31st March 2018 (₹) |
| I. Equity and Liabilities | ||
| Shareholders’ Fund | 4,00,000 | 4,40,000 |
| Non-current liabilities | 1,50,000 | 1,65,000 |
| Current liabilities | 75,000 | 82,500 |
| Total | 6,25,000 | 6,87,500 |
| II. Assets | ||
| Non-Current assets | 5,00,000 | 6,00,000 |
| Current assets | 1,25,000 | 87,500 |
| Total | 6,25,000 | 6,87,500 |
| Particulars | Padmini ₹ | Padma ₹ |
| Capital on 1st January 2018 (Cr. balance) | 5,00,000 | 4,00,000 |
| Capital on 1st January 2018 (Cr. balance) | 70,000 | 40,000 |
| Interest on drawings | 2,000 | 1,000 |
| Share of profit for 2018 | 52,000 | 40,000 |
| Interest on capital | 30,000 | 24,000 |
| Salary | 45,000 | Nil |
| Commission | Nil | 21,000 |
| Receipts | $₹$ | Payments | $₹$ |
| To Balance b/d | By Salaries | $20,000$ | |
| Cash in hand | $14,000$ | By Rent | $24,000$ |
| To Interest received | $5,000$ | By Travelling expenses | $2,000$ |
| To Subscription | $55,000$ | By Printing and stationery | $6,000$ |
| To Legacies | $48,000$ | By Investments made | $50,000$ |
| To Entrance fees | $7,000$ | By Sports equipment purchased | $33,000$ |
| To Sale of furniture $($Book value: $₹ 17,000)$ |
$16,000$ | By Balance c/d | |
| Cash in hand | $10,000$ | ||
| $1,45,000$ | $1,45,000$ |