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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question No 19 Chapter No 5
Calculation of Total Assets, Opening and Closing Capital and Profit and loss
19. If the capital of a business is Rs 3,00,000 and liabilities are Rs 50,000, loss Rs 70,000, calculate the total assets of the business.
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Total Assets = Total Capital + Total Liabilities
Total Capital = Capital +/- Profit/loss
Total Capital = 3,00,000-70,000
Total Capital = 2,30,000/-
Total Assets = 2,30,000 + 50,000
Total Assets = 2,80,000/-
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 19 Chapter No 5 - T.S. Grewal 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to T.S. Grewal 11 Class Financial Accounting.
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