The assets of a business on $31^{st}$ March, $2019$ are $₹ 50,000$ and its capital is $₹ 35,000$. Calculate its liabilities on that date.
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$Asset = liability + capital$
$50,000 = liability + 35,000$
$50,000 - 35,000 = liability$
$liability = 15,000$
$50,000 = liability + 35,000$
$50,000 - 35,000 = liability$
$liability = 15,000$
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