Question

Q1. The liabilities of a firm are Rs 3000, the capital of a proprietor is Rs 7000. The total assets are: *

2 points

Rs 7000

Rs 10,000

Rs 4000

Rs 3000

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Answer 1

Answer:

Assets - Liabilities = Capital

Assets - 3000 = 7000

Assets = 7000 + 3000

Assets = 10,000