**Total Assets Calculation**

To calculate the total assets of a business, we need to consider the capital and outside liabilities. Total assets are the sum of a company's liabilities and owner's equity.

**1. Capital**

The capital of a business represents the owner's investment or the initial amount of money contributed by the owner(s) to start the business. In this case, the capital is ₹1,20,000.

**2. Outside Liabilities**

Outside liabilities refer to the debts or obligations of the business that are owed to external parties. These liabilities can include loans, accounts payable, or any other outstanding debts. In this case, the outside liabilities amount to ₹20,000.

**3. Calculation**

To calculate the total assets, we can use the following formula:

Total Assets = Capital + Outside Liabilities

Substituting the given values:

Total Assets = ₹1,20,000 + ₹20,000
Total Assets = ₹1,40,000

Therefore, the total assets of the business amount to ₹1,40,000.

**In Summary**

The total assets of a business can be calculated by adding the capital and outside liabilities. In this case, the capital is ₹1,20,000 and the outside liabilities are ₹20,000. By adding these two amounts, we find that the total assets of the business amount to ₹1,40,000.