alleryStart learning →Assets of Rs. 85 lakhs and liabilities of Rs. 15 lakhs give net assets of
ARs. 100 lakhs
BRs. 15 lakhs
CRs. 85 lakhs
DRs. 70 lakhs
Answer & Solution
Correct answer: D. Rs. 70 lakhs
Net assets are assets minus liabilities: 85 minus 15 equals Rs. 70 lakhs.
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