Question

6. The capital of a business is 100000 and outside liabilities are 60000. Calculate total Assets of the business.

class 11​

Answer 1

The capital of a business is 100000 and outside liabilities are 60000. Calculate total Assets of the business.

ANSWER:

Accounting Equation can be defined as:

Owner's Capital + Outside Liabilities = Total Assets

by puttig the available information:

Owner's Capital + Rs.40000 = Rs.100000

Owner's Capital = Rs.100000 - Rs.40000

Owner's Capital = Rs.60000

MARK AS BRAINLIEST

Answer 2

Answer:

The capital of a business is 100000 and outside liabilities are 60000. Calculate  total Assets of the business.

Explanation:

Accounting Equation can be defined as:

Owner's Capital + Outside Liabilities = Total Assets

by puttig the available information:

Owner's Capital + Rs.40000 = Rs.100000

Owner's Capital = Rs.100000 - Rs.40000

Owner's Capital = Rs.60000