What will be the amount of total assets,

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Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Financial Statements of a Company

Question:

What will be the amount of total assets, if Equity share capital is ₹90,000, Liabilities ₹80,000 & Profit of the year ₹30,000?

Options:

₹1,70,000

₹1,50,000

₹1,10,000

₹2,00,000

Correct Answer:

₹2,00,000

Explanation:

The correct answer is option 4- ₹2,00,000.

Assets = Equity share capital + liabilities + profits
= 90,000 + 80,000 + 30,000
= ₹2,00,000