Question

Find out the missing value liabilities in an accounting equation with the help of the following given data?
$\begin{array}{cc}\text{Furniture}& 90,000\\ \text{Cash}& 1,00,000\\ \text{Debtors}& 10,000\\ \text{Other Assets}& 1,000\\ \text{Capital}& 90,000\end{array}$

• A. Rs 2,01,000
• B. Rs 1,11,000
• C. Rs 2,90,000
• D. Rs 2,91,000

Answer 1

The correct option is B

Rs 1,11,000

Liabilities = Total Assets - Capital = Rs 2,01,000 - Rs 90,000