Question

The capital a business in RS.200000andoutside liabilities are Rd.150000.calcueat the total assets of the business

Answer 1

Answer:

Accounting Equation can be defined as:

Owner's Capital + Outside Liabilities = Total Assets

by putting the available information:

Rs.70000 + Outsider liabilities = Rs.150000

Outsider liabilities = Rs.150000 - Rs.70000

Outsiders liabilities = Rs.80000