Equity ₹ 90,000 Liabilities ₹ 60,000 Profit of the year ₹ 20,000. Then total assets will be :
Dear Student,
In the Balance Sheet, assets side = liabilities side
Liability side is the total of capital, surplus and liabilities
Therefore, Total Assets = equity + liabilities + profit
= 90,000 + 60,000 + 20,000
Total Assets = Rs. 1,70,000
Regards
In the Balance Sheet, assets side = liabilities side
Liability side is the total of capital, surplus and liabilities
Therefore, Total Assets = equity + liabilities + profit
= 90,000 + 60,000 + 20,000
Total Assets = Rs. 1,70,000
Regards