Question

1 poi
8. If Capital is Rs. 70,000
& Liabilities Rs.
40,000, The total assets
Il
Your answer​

Answer 1

Step-by-step explanation:

Accounting Equation can be defined as:

Owner's Capital + Outside Liabilities = Total Assets

by putting the available information:

Rs.70000 + Outsider liabilities = Rs.150000

Outsider liabilities = Rs.150000 - Rs.70000

Outsiders liabilities = Rs.80000

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