Question

Find out the missing value liabilities in an accounting equation with the help of given data?
Furniture
Rs. 90.000
Cash
Rs. 100,000
Debtors
Rs.10,000
Other Assets
Rs. 1.000
Owner's equity
Rs. 90.000
a. Rs. 201,000 liabilities
b. Rs. 111, 000 liabilities
c. s. 290, 000 liabilities
d. Rs. 291, 000 liabilities

Answer 1

Answer:

a is the right answer

Explanation:

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Answer 2

Answer:

Explanation:

ASSET = LABILITIES + CAPITAL

LIABILITY = ASSET - CAPITAL

TOTAL ASSET = 90,000+1,00,000+10,000+1,000 = ₹ 2,01,000

CAPITAL = ₹ 90,000

LIABILITY = 2,01,000 - 90,000 = ₹ 1,10,000