Question

Calculate the total assets if capital is 80000 creditors are 50000 revenue during the period is 100000 expensive during the period is 80000

Answer 1

capital + profit +liabilities = total assets 
total asset = [80000+(1,00,000-80,000)+50000 ]
total asset = 1,50,000

Answer 2

This surely is a tricky question which uses the main ideaology behind a balance sheet.

The total assets in this case are 110000.

Here is the justification for the same.

The main rule of a balance sheet is Capital + Liabilities = Assets.

On sorting the liabilities and the capital we get a figure of 210000, while on the assets side we have 100000.

The reaming figure is of the assets and on subtracting we get the value of assets equal to 110000.