Calculate total assets, if capital-5,00,000, long term liabilities Rs. 2,00,000, short term
liabilities, 54,000.
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Explanation:
according to the accounting equation approach,
Total asset = capital + liabiliies(long term liabiliies+
short term liabilities)
total asset=5,00,000+2,00,000+54,000
=7,54,000
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