Multiple choice

The capital of a business is Rs. 6,00,000, creditors are Rs. 1,50,000 and other liabilities are Rs. 4,00,000. What is the value of total assets of the business?

  1. Rs. 11,50,000

  2. Rs. 5,00,000

  3. Rs. 4,00,000

  4. Rs. 2,00,000

  5. Rs. 1,00,000

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Assets = Capital + Liabilities + Creditors Assets = Rs. 6,00,000 + Rs. 4,00,000 + Rs. 1,50,000 Assets = Rs. 11,50,000