Question

The assets of a business on 31st march 2019 are rupees 50000 and its capital is rupees 3500 calculate its liabilities on that date

Answer 1

Answer:

Given:

Assets= 50,000

Capital= 3,500

Formula:

Assets = capital + liabilities

Solution:

50000 = 3500 + liabilities

=>50000-3500 = liabilities

Liabilities = 46500.