alleryStart learning →A trader's assets total Rs 5,60,000 and liabilities Rs 2,10,000. What is the capital?
ARs 7,70,000
BRs 2,10,000
CRs 3,50,000
DRs 5,60,000
Answer & Solution
Correct answer: C. Rs 3,50,000
Capital = assets minus liabilities = 5,60,000 - 2,10,000 = 3,50,000.
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