If total assets of the business are ₹ 4,50,000 and outside liabilities are ₹ 2,00,000, calculate owner's equity.
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Assets = Owner's Equity + Liabilities
4,50,000 = Owner's Equity + ₹ 2,00,000
Owner's Equity = ₹ 2,50,000.
4,50,000 = Owner's Equity + ₹ 2,00,000
Owner's Equity = ₹ 2,50,000.
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