A firm reports total liabilities of Rs. 300,000 and owner’s equity of Rs. 500,000. What would be the total worth of the firm’s assets?

Finance Mcqs 23/01/2021

A. Rs. 300,000
B. Rs. 500,000
C. Rs. 800,000
D. Rs. 1100,000

Assets = Liabilities + Owner’s Equity
= 300,000 + 500,000
= 800,000

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