Question

Question 22.
If capital of a business is ₹ 1,40,000 and liabilities are of ₹ 80,000, calculate the total assets of the business.

Answer 1

The total assets of the business is ₹ 2,20,000.

Explanation:

Given:

If capital of a business is ₹ 1,40,000 and liabilities are of ₹ 80,000.

Now, to calculate the total assets of the business.

Capital = ₹ 1,40,000.

Liabilities = ₹ 80,000.

Now, to get the total assets of the business we add the capital and liabilities:

$Total\ assets=1,40,000+80,000\\\\Total\ assets=2,20,000.$

Therefore, the total assets of the business is ₹ 2,20,000.

Answer 2

Answer:

The total assets of the business is ₹ 2,20,000.

Explanation:

Given:

If capital of a business is ₹ 1,40,000 and liabilities are of ₹ 80,000.

Now, to calculate the total assets of the business.

Capital = ₹ 1,40,000.

Liabilities = ₹ 80,000.

Now, to get the total assets of the business we add the capital and liabilities.

Therefore, the total assets of the business is ₹ 2,20,000.