Multiple choice

If capital of the business is Rs. 40,000 and liabilities are Rs. 20,000 then the total assets will be

  1. Rs. 60,000

  2. Rs. 40,000

  3. Rs. 20,000

  4. Rs. 80,000

  5. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Total assets = total liabilities + capital = Rs. 40,000 + Rs. 20,000 = Rs. 60,000

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