Question

If capital in Rs. 1,70,000 and
total Assets Rs. 310,000 then
What will be the liabil
liability​

Answer 1

Answer:

ANSWER

Assets = Rs. 1,80,000; Net worth or Owner's Equity = ?; Outside Liability = Rs. 50,000

The accounting equation is:

Assets = Outside Liability + Owner's Equity or Net Worth 

Rs. 1,80,000 = Rs. 50,000 + Owner's Equity or Net Worth 

Owner's Equity or Net Worth = Rs. 1,80,000 - Rs. 50,000

Owner's Equity or Net Worth = Rs. 1,30,000