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.
The solution of Question No 22 Chapter No 5: –
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/-
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