1.

If the capital is rs 2,60,000 and assets are rs 5,00,000 find liabilities

Answer»

We KNOW that accounting equation is

Capital + LIABILITIES= ASSETS

GIVEN capital=260000

Assets= 500000

substitute this in the equation..

260000 + liabilities = 500000

liabilities= 500000 - 260000

liabilities= 240000..



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