Practicing Success
If opening capitals of partners are A Rs3,00,000, B Rs2,00,000 and C Rs1,00,000 and their drawings during the year are A Rs50,000, B Rs40,000 and C Rs30,000 and creditors are Rs60,000, what will be the amount of assets of the firm? |
₹420000 ₹540000 ₹480000 None of the above |
₹540000 |
Total Liabilities=Total Assets |