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    • Question

      On January 1st, 2009 an entity's balance sheet showed

      total assets of Rs. 750 and liabilities of Rs. 250. Owners' equity at January 1st was?
      A Rs. 750 Correct Answer Incorrect Answer
      B Rs. 1,000 Correct Answer Incorrect Answer
      C Rs. 500 Correct Answer Incorrect Answer
      D Rs. 250 Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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