Question

find the total assets of the firm if the capital is 160,000 and liablities are 40,000 a, 120,000 b, 200,000 c, 160,000 d, 40,000​

Answer 1

ANSWER :

❖ Option (b) Rs. 2,00,000

• ➺ If the Capital is Rs. 1,60,000 and Liablities are Rs. 40,000; then the Total Assets will be Rs. 2,00,000.

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SOLUTION :

❒ Given :-

• Capital = Rs. 1,60,000

• Liabilities = Rs. 40,000

❒ To Find :-

• Total Assets = ?

❒ Required Formula :-

• $\dag \: \: \underline{ \boxed{ \sf{Assets = Capital + Liabilities }}}$

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❒ Calculation :-

Here,

• Capital = Rs. 1,60,000

• Liabilities = Rs. 40,000

Using the above mentioned formula, we get,

• ★ Assets = Capital + Liabilities

⇒ Assets = Rs. 1,60,000 + Rs. 40,000

∴ Assets = Rs. 2,00,000

• Hence, the Total Assets will be Rs. 2,00,000.

Answer 2

Answer:

Question :-

$\leadsto$ Find the total assets of the firm if the capital is Rs 160000 and liabilities is Rs 40000.

Options :

◉ a) Rs 120000

◉ b) Rs 200000

◉ c) Rs 160000

◉ d) Rs 40000

Given :-

• The capital is Rs 160000 and liabilities is Rs 40000.

To Find :-

• What is the total assets of the firm.

Formula Used :-

$\clubsuit$ Assets Formula :

$\longrightarrow \sf\boxed{\bold{\pink{Assets =\: Liabilities + Capital}}}$

Solution :-

Given :

• Capital = Rs 160000
• Liabilities = Rs 40000

According to the question by using the formula we get,

$\dashrightarrow \sf\bold{\purple{Assets_{(Firm)} =\: Liabilities + Capital}}$

$\dashrightarrow \sf Assets_{(Firm)} =\: Rs\: 40000 + Rs\: 160000$

$\dashrightarrow \sf Assets_{(Firm)} =\: Rs(40000 + 160000)$

$\dashrightarrow \sf\bold{\red{Assets_{(Firm)} =\: Rs\: 200000}}$

$\therefore$ The assets of the firm is Rs 200000 .

Hence, the correct options is option no b) Rs 200000 .

EXTRA INFORMATION :-

$\clubsuit$ Capital :

• Capital is the amount of money invested by the owner in his business.
• The money is spent to buy things which the business unit needs to carry on its trade.

$\clubsuit$ Liabilities :

• Liabilities is a legal obligation expressed in terms of money, which arises from transactions or other events that have already occurred.
• It involves an enterprise in a probable future transfer of cash, goods or services or the foregoing of a future cash receipt.

$\leadsto$ Liabilities of a business are of two types :

1. Non-current Liabilities
2. Current Liabilities