Question No 19 Chapter No 5 – T.S. Grewal 11 Class

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.

The solution of Question No 19 Chapter No 5: –

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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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