alleryStart learning →Total assets are Rs 9,00,000 and liabilities Rs 3,50,000. What is owners' equity?
ARs 6,50,000
BRs 12,50,000
CRs 5,50,000
DRs 3,50,000
Answer & Solution
Correct answer: C. Rs 5,50,000
Since assets equal liabilities plus equity, equity is 9,00,000 minus 3,50,000, which is Rs 5,50,000.
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