Question

Q 2. Rajveer commenced his business with an investment of Rs. 1,25,000 on 1st April 2018. On 1st May 2018, he took a loan of Rs. 50,000 as his personal debt and invested Rs. 20,000/- into the business. He acquired a loan of Rs. 30,000/- from a nationalized bank. On 31st March 2019, liabilities stands forBills Payable – Rs. 4,000/- Creditors – Rs. 12,000/- Calculate total assets of Rajveer as on 31st March 2019. (2)​

Answer 1

Answer:

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