Calculate capital if long term liabilities are Rs 20000; Current Liabilities are Rs 40000 and Total Assets amounting to Rs.180000
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Answer:
Assets = capital + liabilities
total liabilities = long term liability+current liability
= 20000+ 40000
= 60000
Assets = capital + liabilities
180000= capital ,+ 60000
capital= 180000-60000
= 120000
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