If the Capital of a business is ₹ 1,20,000 and Outside liabilities are ₹ 20,000, calculate total assets of the business.
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Assets = Liabilities + Capital
= 20,000 + 1,20,000
= ₹ 1,40,000
= 20,000 + 1,20,000
= ₹ 1,40,000
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