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if the capital of business rs 250000 and outside liability are rs 30000. calculate total assets of the business
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Answer:
Total assets of the business = Rs 2,80,000
Step-by-step explanation :
Given :
The capital of business = Rs 2,50,000
Outside liabilities = Rs 30,000
Find :
Total assets of the business
Solution :
Formula of total assets :
Total assets = Capital of business + Outside Liabilities
Capital + Outside Liabilities = Total Assets Capital
So,
The capital of business = Rs 2,50,000
Outside liabilities = Rs 30,000
we need to add the capital of business and outside liabilities. Their sum will give us the total assets of the business.
Total assets = Rs 2,50,000 + Rs 30,000
Total assets = Rs 2,80,000
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