Unit-3 Basic Accounting Terms and Concepts
This unit explains some of the terms which are commonly used in accounting and also the basic concepts underlying the accounting system.
The assets and liabilities of Rupak Store are given below. Find out the amount of capital.
Cash Rs. 1,800; Stock Rs. 3,000; Debtors Rs. 2,000; . Furniture Rs. 1,200; Creditors Rs. 2,500, Wages payable Rs. 500