asset = liab + equity , Asset = 120000 + 1 third of asset.
what is asset value.
Answers were Sorted based on User's Feedback
Answer / mithin
let x is asset,
x=120000+1/3 of x
then x=120000+x/3
360000+x/3
3x=360000+x
3x-x=360000
2x=360000
x=360000/2
=180000
asset=120000+(1/3*180000)
=120000+60000
=180000
Is This Answer Correct ? | 7 Yes | 0 No |
Answer / praveen kumar
let asset=x
Asset= 120000+1/3*Asset
x= 120000+1/3*x
x-1/3*x = 120000
2/3*x = 120000
x = 120000*3/2
x = 180000
Asset 180000
Is This Answer Correct ? | 0 Yes | 0 No |
what are the entry for payment of city bank credit card through hdfc bank in tally 7.2 ?
how much deduction want while salary paid?
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
WHAT IS TAX ? WHY SHOULD PAY TAX?WHAT IS THE NEED FOR PAYING TAX?
Why Reserves and Surplus are shown on the liabilities side of the balance sheet.? justify your answer.
4 Answers Infosys, Muthoot Group,
journal entries.. 1. sold goods for cash $2500 2. sold goods for $5000 on credit 3. received from customer 4. paid creditors $5000
What is the meaning of deferred revenue and expenditure, give examples
2 Answers Bank Of America, Capital IQ,
What are the minimum and maximum members allowed in partnership firm
please explain all accounting concepts n conventions in detail
Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.
Why we debit expenses and credit incomes ?
What are the activities that are included in the cash flow statement?