Question

Mahesh started a business with capital of 15000 on 1st April 2014 during the year he made a profit of 3000 he owes 2502 supplier of goods what is the total assets in his business on 31st March 2015

Answer 1

Answer:

20502

Explanation:

Total assets = Capital + Profit + Liabilities

This implies that Total assets = 15000 + 3000 + 2502 = 20502