📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    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

    Practice Next

    Relevant for Exams:

    ask-question