1.

As per the Duality principle calculate the total outsider’s equity if the raw materials cost Rs. 5000, machine cost Rs. 50,000, Furniture used in the firm cost Rs. 20,000, cash at bank is Rs. 30,000 and the owner’s equity is Rs. 70,000. a) Rs.35,000 b) Rs. 1,75,000 c) Rs. 70,000 d) Rs. 1,40,000

Answer»

a 35000Explanation:LIABLITIES= ASSETS - CAPITAL =(5000+50000+20000+30000)-70000=105000-70000=35000



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