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jasveen commenced his business with an investment of 125000 on 1 april 2017. on 1 may 2017 he took a loan of 50000 as his personal debt and invested 20000 in business from this. he acquired a loan of 30000 from nationalised bank.on 31 march his liabilities stands as: bills payable 4000creditors 12000o/s wages 4500 calculate total assets of jasveer
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jasveen commenced his business with an investment of 125000 on 1 april...
Total Investment

- Jasveen's initial investment: 125000
- Personal loan invested in business: 20000
- Loan from nationalized bank: 30000

Total investment = 125000 + 20000 + 30000 = 175000

Liabilities

- Bills payable: 4000
- Creditors: 12000
- Outstanding wages: 4500

Total liabilities = 4000 + 12000 + 4500 = 20500

Calculation of Total Assets

The accounting equation is Assets = Liabilities + Owner's Equity. We can use this equation to calculate the total assets of Jasveen.

Owner's Equity = Total Investment - Personal Debt = 175000 - 50000 = 125000

Total Assets = Liabilities + Owner's Equity = 20500 + 125000 = 145500

Therefore, the total assets of Jasveen on 31st March are Rs. 145500.
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jasveen commenced his business with an investment of 125000 on 1 april...
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