Question

If the owners" equity of a business is Rs.7,00,000 and liabilities are Rs.4,00,000, the total assets of the
business would be

(A) Rs.3,00,000
(B) Rs.11,00,000
(C) Rs.7,00,000
(D) Rs. 15,00,000​

Answer 1

Answer:

Accounting Equation = Owners Equity+ Liabilities=Total Assets

Rs.70000+Rs.40000 = Rs.110000

Hence, total value of assets = Rs.110000

Explanation:

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Answer 2

Answer:

answer should me option b

Explanation:

700000+400000=110000

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