Question

5. The liabilities of business are 30000 and capital of proprietor is 70000.
Total assets are
1 point
30,000
70,000
40,000
O None of thses

Answer 1

Answer:

3000000 is the correct answer

Answer 2

Answer:

Actual answer is ₹ 1,00,000

But here option is None of these

Explanation:

• In the balance sheet the one side is always equal to the other side
• Which means liabilities sides is always equal to assets sides
• The liabilities side contain Capital,Non current liabilities and current liabilities
• In assets side Tangible assets , Intangible assets and current assets are there
• So , Capital+ Liabilities= Assets

Then , Capital = 30,000

Liabilities = 70,000

Assets = 1,00,000

• It's is a method of valancinga method or statements of affairs the sum of liability and capital are always equal to the assets
• So the 1,00,000 ia not given in the option ,so correct answer is none of these