A business has the following items in it: Land Rs.1,000,000 Machinery Rs.20,000 Cash Rs.10,000 Debt Rs.0Owner’s equity ?What is the value of owner’s equity? a) Rs.1020000 b) Rs.1010000 c) Rs.1030000 d) None of the above

A business has the following items in it: Land Rs.1,000,000 Machiner

1.	A business has the following items in it: Land Rs.1,000,000 Machinery Rs.20,000 Cash Rs.10,000 Debt Rs.0Owner’s equity ?What is the value of owner’s equity? a) Rs.1020000 b) Rs.1010000 c) Rs.1030000 d) None of the above
Answer» The value of owner’s equity Rs.1030000

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A business has the following items in it: Land Rs.1,000,000 Machinery Rs.20,000 Cash Rs.10,000 Debt Rs.0Owner’s equity ?What is the value of owner’s equity? a) Rs.1020000 b) Rs.1010000 c) Rs.1030000 d) None of the above

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