Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question No 22 Chapter No 5
22. If the capital of a business is Rs 1,40,000 and liabilities are of Rs 80,000, calculate the total assets of the business.
Subscribe our Youtube Channel
Total Capital is given = 1,40,000
Total liability is also given = 80,000
So, we have to find out total Assets
With the Help of Following Formula, we can find out this.
Total Assets = Total Capital + Total Liabilities
Total Assets = 1,40,000 + 80,000
Total Assets = 2,20,000/-
Share with your friends
Comment if you have any question.
Check out T.S. Grewal +1 Book 2019 @ Amazon.in
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 22 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.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question No 22 Chapter No 5 - T.S. Grewal 11 Class" instantly.
