Calculate the total assets (except cash) of the firm from the following:

1. Creditors = ₹15,000
2. Partner's loan = ₹10,000
3. Partner's capital = ₹40,000
4. Cash in hand = ₹5,000

₹60,000

The correct answer is option 2- ₹60,000.

Total assets = Total liabilities + Capital
Total assets = Creditor(15,000) + Partner's loan (10,000) +  Partner's capital (40,000)
Total assets = 65,000

Total assets except cash = 65,000 -5,000
                                        = ₹60,000