Accounting Equations Q.20

Chapter 5 – Accounting Equations – TS Grewal 2022

Question 20

Calculate the total assets if:

(i) Capital is ₹40,000.
(ii) Creditors are ₹25,000.
(iii) Revenue during the period is ₹50,000.
(iv) Expense during the period are ₹40,000.

Solution:

Calculate total assets if