What will be the amount of total assets,

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Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

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

Options:

₹170000

₹150000

₹110000

₹200000

Correct Answer:

₹200000

Explanation:

Assets= Equity + liabilities + profits
= 90000+80000+30000
= ₹200000