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Statement of Affairs

Capital of bu...

Question

Capital of business is Rs. 75,000 and liability is Rs. 25,000 then total assets of business would be ___________.

A

Rs. 1,00,000

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B

Rs. 15,000

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C

Rs. 75,000

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D

Rs. 50,000

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Solution

The correct option is B Rs. 1,00,000
Total Assets = Capital + Liabilities
= 75,000 + 25,000
= Rs :- 1,00,000

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