solve this accountancy question please asap
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total debt = 15 lakhs(it includes current liabilities 5lakh also)
capital =15 lakhs..
we know that Assets=capital+ liabilties
Assets=15+15=30lakhs
Total assets to total debt = 30lakhs/15 lakhs= 2/1=2:1
capital =15 lakhs..
we know that Assets=capital+ liabilties
Assets=15+15=30lakhs
Total assets to total debt = 30lakhs/15 lakhs= 2/1=2:1
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