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 If owner’s equity of a business are Rs. 90,000 and profits are of Rs. 60,000 for the year calculate total assets of the business:-
  • a)
    Rs. 1, 50,000
  • b)
    Rs. 1, 20,000
  • c)
    Rs. 30,000
  • d)
    Rs. 1, 70,000
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
If owner’s equity of a business are Rs. 90,000 and profits are o...
S of a property are not available, a caretaker or a property manager may be appointed to manage the property on their behalf. This is common in cases where the owners live far away or are unable to manage the property themselves. The caretaker or property manager may be responsible for tasks such as collecting rent, handling maintenance and repairs, and communicating with tenants or guests. They may also be authorized to make decisions related to the property, such as approving rental applications or setting rental rates. Ultimately, the owners retain ownership of the property and are responsible for making major decisions regarding its management and use.
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If owner’s equity of a business are Rs. 90,000 and profits are o...
Here in the question we have given liability side as equity of 90000 and profit of 60000 so we know that asset =liability so total asset will be equal to 90000+60000=150000
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If owner’s equity of a business are Rs. 90,000 and profits are of Rs. 60,000 for the year calculate total assets of the business:-a)Rs. 1, 50,000b)Rs. 1, 20,000c)Rs. 30,000d)Rs. 1, 70,000Correct answer is option 'A'. Can you explain this answer?
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If owner’s equity of a business are Rs. 90,000 and profits are of Rs. 60,000 for the year calculate total assets of the business:-a)Rs. 1, 50,000b)Rs. 1, 20,000c)Rs. 30,000d)Rs. 1, 70,000Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If owner’s equity of a business are Rs. 90,000 and profits are of Rs. 60,000 for the year calculate total assets of the business:-a)Rs. 1, 50,000b)Rs. 1, 20,000c)Rs. 30,000d)Rs. 1, 70,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If owner’s equity of a business are Rs. 90,000 and profits are of Rs. 60,000 for the year calculate total assets of the business:-a)Rs. 1, 50,000b)Rs. 1, 20,000c)Rs. 30,000d)Rs. 1, 70,000Correct answer is option 'A'. Can you explain this answer?.
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