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Capital Rs 16,500, long-term loan Rs 5,000, creditors Rs 15,000. What is the balance sheet total?
ARs 31,500
BRs 20,000
CRs 36,500
DRs 40,000
Answer & Solution
Correct answer: C. Rs 36,500
16,500 + 5,000 + 15,000 = 36,500, which equals the total of assets.
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