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Standard XII
Accountancy
Debt to Equity Ratio
Excess of Ass...
Question
Excess of Assets over liabilities is ___________.
A
Owner's capital
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B
Net profit
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C
Gross profit
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D
Net worth
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Solution
The correct option is
B
Owner's capital
Accounting Equation:
Owners Capital+ liabilities=Total Assets
Hence,
Total Assets- Liabilities=Owners Capital
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