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Using accounting, calculate the missing boxes in the table.
| Assets (Rs.) | Liabilities (Rs.) | Owners’ equity (Rs.) |
|---|---|---|
| 50000 | 22000 | XXX |
| 11600 | XXX | 5600 |
| 100000 | 55000 | XXX |
| 50000 | XXX | 29000 |
| 45000 | 16000 | XXX |
| 41300 | XXX | 36500 |
Solution
The solution is explained below −
We know accounting equation => Assets = Liabilities + Owner’s equity
| Assets (Rs.) | = | Liabilities (Rs.) | + | Owners’ equity (Rs.) |
|---|---|---|---|---|
| 50000 | = | 22000 | + | 28000 |
| 11600 | = | 6000 | + | 5600 |
| 100000 | = | 55000 | + | 45000 |
| 50000 | = | 21000 | + | 29000 |
| 45000 | = | 16000 | + | 29000 |
| 41300 | = | 4800 | + | 36500 |
Updated on: 25-Sep-2020
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