Question

State with reasons, whether the following statement correct (or) incorrect. (a) Capital + long term liabilities = fixed assets + current assets + cash-current liabilities.​

Answer 1

Answer:

Capital + Long-term liabilities + Current Liabilities + Creditors = Fixed Assets + Current Assets.

Answer 2

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Incorrect

• Capital + Long-term liabilities + Current Liabilities + Creditors = Fixed Assets + Current Assets.