What will be the amount of total assets, if Equity share capital is ₹90,000, Liabilities ₹80,000 & Profit of the year ₹30,000?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- ₹2,00,000.
Assets = Equity share capital + liabilities + profits
= 90,000 + 80,000 + 30,000
= ₹2,00,000