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If capital is Rs 3,00,000 and assets Rs 4,50,000, liabilities are:
ARs 7,50,000
BRs 3,00,000
CRs 1,50,000
DRs 1,05,000
Answer & Solution
Correct answer: C. Rs 1,50,000
Liabilities = assets minus capital = 4,50,000 minus 3,00,000 = 1,50,000.
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