Question

Liabilities of a business are rs. 40, 220 and owner's equity is rs. 50, 000. The assets of the business will be

Answer 1

The assets will be 9780

Answer 2

Assets of the business  = Rs 90,220

Explanation:

Given:

Liabilities of a business = rs. 40,220

Owner's equity = Rs. 50,000

Find:

Assets of the business

Computation:

Assets of the business  = Owner's equity + Liabilities of a business

Assets of the business  = Rs. 50,000 + Rs. 40,220

Assets of the business  = Rs 90,220

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