Question

Question 19.
If the capital of a business is ₹ 3,00,000 and liabilities are ₹ 50,000, loss ₹ 70,000, calculate the total assets of the business.

Answer 1

The total assets of the business is ₹ 2,80,000.

Explanation:

Given:

The capital of a business is ₹ 3,00,000 and liabilities are ₹ 50,000, loss ₹ 70,000.

Now, to calculate the total assets of the business.

Capital = ₹ 3,00,000.

Liabilities = ₹ 50,000.

Loss = ₹ 70,000.

Now, to get the total assets of the business we put formula:

Total assets = Capital +liabilities - loss

$Total\ assets = 300000+50000-70000\\\\Total\ assets = 350000-70000\\\\Total\ assets = 280000.$

Therefore, the total assets of the business is ₹ 2,80,000.

Answer 2

Explanation:

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