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    4. ESIC Part B
    5. On January 1st, 2009 an entity's balance sheet showed total assets of Rs. 750 and liabilities of Rs.

    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
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    Relevant for Exams:

    • UPSC EO/AO

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