24 commencentent I started / introduce of Bussime 2 following transaltion are given:
a) Prapti sharma started bussiness with chash * Rs I50,000
b) Salan - mahargon commeneed a business With stock of goods Rs to, 0000
c) Sakar Invested in anew bos in ess which. "Eash 40000 , bank blance Rs 30000 and funniturers 10,000
(a) Qpening blance of capitat QS 175000 and 1:00 जिitios Rs 25000
Answer (1)
Prapti Sharma's capital contribution is Rs 150,000.
Salan-Mahargon's capital contribution is Rs 100,000.
Sakar's capital contribution is Rs 80,000 (Rs 40,000 cash + Rs 30,000 bank balance + Rs 10,000 furniture).
The total capital contribution is Rs 330,000, but the opening balance is given as Rs 175,000, indicating a discrepancy.
Individual capital contributions: Prapti Sharma: R s 150 , 000 , Salan-Mahargon: R s 100 , 000 , Sakar: R s 80 , 000 .
Explanation
Understanding the Problem We are given the following information about the capital contributions of three individuals:
Prapti Sharma started a business with cash of Rs 150,000.
Salan-Mahargon commenced a business with stock of goods worth Rs 100,000.
Sakar invested in a new business with cash of Rs 40,000, a bank balance of Rs 30,000, and furniture worth Rs 10,000.
We are also given that the opening balance of capital is Rs 175,000 and liabilities are Rs 25,000. Our objective is to determine the individual capital contributions and verify the opening balance of capital.
Calculating Individual Capital Contributions First, let's calculate the capital contribution of each individual:
Prapti Sharma's capital contribution is Rs 150,000 (cash).
Salan-Mahargon's capital contribution is Rs 100,000 (stock of goods).
Sakar's capital contribution is the sum of cash, bank balance, and furniture: Rs 40,000 + Rs 30,000 + Rs 10,000 = Rs 80,000.
Calculating Total Capital Contribution Now, let's calculate the total capital contribution by summing the individual contributions:
Total Capital = Prapti Sharma's Capital + Salan-Mahargon's Capital + Sakar's Capital
Total Capital = Rs 150,000 + Rs 100,000 + Rs 80,000 = Rs 330,000.
Comparing Calculated Capital with Given Opening Balance We are given that the opening balance of capital is Rs 175,000 and liabilities are Rs 25,000. The total assets should equal the sum of capital and liabilities. If we subtract the liabilities from the calculated total capital, we should get the opening balance. However, the calculated total capital contribution (Rs 330,000) does not match the given opening balance of capital (Rs 175,000). There seems to be a discrepancy or missing information.
Identifying Discrepancies and Missing Information The problem states that the opening balance of capital is Rs 175,000 and liabilities are Rs 25,000. The sum of these two is Rs 200,000. However, the calculated capital contributions of the three individuals is Rs 330,000. There is a significant difference between these two values. It is possible that there are other capital contributions or other factors that are not mentioned in the problem.
Final Answer Based on the provided information, the capital contributions are:
Prapti Sharma: Rs 150,000
Salan-Mahargon: Rs 100,000
Sakar: Rs 80,000
The total capital based on these contributions is Rs 330,000. However, the opening balance of capital is given as Rs 175,000.
Examples
Understanding capital contributions is crucial in business. For example, if you and your friends decide to start a lemonade stand, each person's contribution (cash, supplies, etc.) represents their capital. Knowing each person's capital helps determine ownership and profit sharing. Similarly, in larger companies, tracking capital contributions is essential for financial accounting and determining the value of the business.
