Accountancy, asked by lakshittuteja, 8 months ago

Q.8 If total assets of a business are ` 5,00,000 and net worth is ` 2,40,000. Calculate total liabilities.

Answers

Answered by nitinsultania

2

Answer:

Total Asset = 5,00,000

Net Worth= 2,40,000

Total liabilities= Total Asset - Total Net Worth

= 5,00,000 - 2,40,000

= 2,60,000

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