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Question

If capital of a business is ₹ 1,40,000 and liabilities are of ₹ 80,000, calculate the total assets of the business.


Solution

Total Assets

=

Liabilities + Capital

 

=

80,000 + 1,40,000

 

=

Rs 2,20,000

 


Accountancy
T.S. Grewal (2018)
Standard XI

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