Which of the following is not an Asset of an enterprise? (2024)

BALANCE SHEET
as on 31st March 2013
LiabilitiesAmount AssetsAmount(Rs)(Rs)Capitals :Cash14,000 Ram60,000Stock30,000 Kishan40,000Debtors22,000 Gopal30,000Building40,000Creditors30,000Plant53,000Bills Payable4,000Motor Van26,000General Reserve21,000¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,85,000¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,85,000

On the above date, Ram retired and following adjustments were agreed:

(i) The assets and liabilities were valued as : Stock Rs 24,000, Debtors Rs 21,000, Building Rs 45,200, Plant Rs 50,000 and Creditors Rs 28,000.

(ii) Amount due to Ram will be transferred to Ram's loan account.

Prepare Revaluation Account and Ram's Capital Account.