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Accountancy
Admission of a Partner
Find out the capital employed from the following information: Total assets = ₹2300000 Liabilities = ₹590000 Assets include non-trade investments of ₹100000 and liabilities include reserves of ₹30000.
₹1640000
₹1740000
₹1840000
₹1610000
Capital employed = (Assest - nontrade Investment) - (liabilities- reserves) = (2300000-100000) - ( 590000-30000) = 2200000-560000 = ₹1640000