Accounting Process and Bookkeeping Fundamentals

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Multiple Choice

The assets on 31.12.2001 is of Rs. 60, 000 and the capital is of Rs. 45, 000. Its liabilities on that date shall be

  1. Rs. 60, 000
  2. Rs. 1, 05, 000
  3. Rs. 15, 000
  4. None of these
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