Question

Calculate the amount of External Equities as on 31st March, 2021 in the following cases: (i) On 31st March, 2021, total assets and capital were ? 15,00,000 and ? 10,50,000 respectively. (ii) On 1st April, 2020, Mukesh started business with a capital of ? 3,00,000 and a loan of ? 3,00,000 borrowed from a friend. During the year, he earned a profit of ? 1,50,000. On 31st March, 2021, the total assets were ? 15,00,000. (iii) On 1st April, 2020, Ramesh started business with a capital of ? 3,00,000 and a loan of ? 3,00,000 borrowed from a friend. During the year, he earned a profit of ? 1,50,000, introduced an additional capital of ? 1,80,000 and had withdrawn ? 90,000 for personal use. On 31st March, 2021 total assets were ? 15,00,000. [(?) ? 4,50,000; (?) ? 10,50,000; (?) ? 10,10,000]

          Calculate the amount of External Equities as on 31st March, 2021 in the following cases:
(i) On 31st March, 2021, total assets and capital were ? 15,00,000 and ? 10,50,000 respectively.
(ii) On 1st April, 2020, Mukesh started business with a capital of ? 3,00,000 and a loan of ? 3,00,000 borrowed from a friend. During the year, he earned a profit of ? 1,50,000. On 31st March, 2021, the total assets were ? 15,00,000.
(iii) On 1st April, 2020, Ramesh started business with a capital of ? 3,00,000 and a loan of ? 3,00,000 borrowed from a friend. During the year, he earned a profit of ? 1,50,000, introduced an additional capital of ? 1,80,000 and had withdrawn ? 90,000 for personal use. On 31st March, 2021 total assets were ? 15,00,000.
[(?) ? 4,50,000; (?) ? 10,50,000; (?) ? 10,10,000]

Calculate the amount of External Equities as on 31st March, 2021 in the following cases:
(i) On 31st March, 2021, total assets and capital were ? 15,00,000 and ? 10,50,000 respectively.
(ii) On 1st April, 2020, Mukesh started business with a capital of ? 3,00,000 and a loan of ? 3,00,000 borrowed from a friend. During the year, he earned a profit of ? 1,50,000. On 31st March, 2021, the total assets were ? 15,00,000.
(iii) On 1st April, 2020, Ramesh started business with a capital of ? 3,00,000 and a loan of ? 3,00,000 borrowed from a friend. During the year, he earned a profit of ? 1,50,000, introduced an additional capital of ? 1,80,000 and had withdrawn ? 90,000 for personal use. On 31st March, 2021 total assets were ? 15,00,000.
[(?) ? 4,50,000; (?) ? 10,50,000; (?) ? 10,10,000]

Added by Scott D.

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