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    Question

    If share capital is ₹10 lakh, reserves ₹5 lakh, and

    accumulated losses ₹3 lakh, Deffered tax liabilities are ₹1 lakh, provision for gratuity is ₹2 lakh, goodwill is ₹2lakh, Accrued incomes are ₹50,000, what is net worth?
    A ₹12 lakh Correct Answer Incorrect Answer
    B ₹13 lakh Correct Answer Incorrect Answer
    C ₹14 lakh Correct Answer Incorrect Answer
    D ₹15 lakh Correct Answer Incorrect Answer
    E ₹17 lakh Correct Answer Incorrect Answer

    Solution

    Net Worth = Share Capital + Reserves - Accumulated Losses = ₹10L + ₹5L - ₹3L = ₹12 lakh

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