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Total assets are calculated using the formula: Total Assets = Liabilities (Creditors) + Capital + Profit Here, Profit = Revenue earned - Expenses incurred = ₹7,50,000 - ₹2,00,000 = ₹5,50,000. So, Total Assets = ₹3,00,000 + ₹4,00,000 + ₹5,50,000 = ₹12,50,000 This includes the closing stock of ₹2,00,000.
Pick the odd one out from the words given below:
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In the following questions, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best express...
What technology does the Nag Mk-2 missile utilize?
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A man borrowed Rs 200 and promised to pay back in 11 equal instalments of Rs 20 each. Find the rate of simple interest per annum?